Rumpa Nilesh Kedare

[Rumpa Nilesh Kedare @KedareRumpa]

What an amazing news!!!
Its getting exciting with each day passing!!!!

#USDAO #Ethereum #Cryptocurrency #Stablecoin

[Rumpa Nilesh Kedare @KedareRumpa]

@usdao_io @DaoLens What a wonderful news on USDAO!!!

[USDAO Stablecoin @usdao_io]

Truly transparent & decentralized stablecoins are the most sought after in the topical #stablecoin market.

All thanks to RUIT Foundation, bringing #USDAO stablecoin into the crypto Market!

USDAO is a 100% Transparent, Crypto-Collateralized, Community Governed Stablecoin

[USDAO Stablecoin @usdao_io]

A user can create a vault by collateralizing ETH and maintain a minimum of 110% collateralization

User can borrow a minimum of 500 USDAO (~500 USD) which opens up path for small investors to borrow on ETH where current protocols allows at $2000 as their Minimum Borrowing !

[USDAO Stablecoin @usdao_io]

How does USDAO stay over collateralized?

We Told about borrowing Stablecoin at 0% interest rate right.

Introducing Onvault protocol a built-in borrowing and lending protocol of USDAO.

[USDAO Stablecoin @usdao_io]

This happens because of additional buffer liquidity in #ETH is created by USDAO during its launch which will be collateralize 97% of the fund raise in #USDAO pool and locked forever to have deep liquidity to maintain its peg while swapping at 1:1 Ratio

Liquidity Ensured !!!

[USDAO Stablecoin @usdao_io]

Enter @usdao_io

The user can swap #ETH with #USDAO stablecoin at 1:1 without paying :

-Mint Fee
-Stability fee
-Overcollateralization Requirement

Less friction to adopt a Decentralized #StableCoin 🫡

[USDAO Stablecoin @usdao_io]

What if, You can mint a #StableCoin @ 1:1 without mint fee ,stability fee and can also borrow stablecoin with 0% Interest while the system maintains overcollateralization? 😎

[USDAO Stablecoin @usdao_io]

Few Protocols in current market ,let you mint #StableCoin from 110% - 180%, which still creates a barrier for small investors, also they carry a stability fee, mint fee and God know what more !!!🫤

[USDAO Stablecoin @usdao_io]

Have you ever taken a loan from bank?

First you need to put collateral,then snail pace processing and the number of hidden fees drives you crazy😑

The interest rate paid on the borrowing amount which adds up quickly makes you incur more Debt

Loan Due date give you anxiety😅

[USDAO Stablecoin @usdao_io]

Decentralized Stablecoin 3.0?

100% Transparency?

#stablecoin Which uses the Discounted ETH as collateral in this bear market to maintain its peg?

Peg stability maintained by users to get reward in ETH and ASSET token. Gold rush?

Sounds to good to be true? Let's Deep Dive🧵

[USDAO Stablecoin @usdao_io]

#USDAO - 100% transparent, community-governed, and crypto-backed #stablecoin is ready to be launched soon!
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Hurry up and get complete insights on #USDAO stablecoin, its mechanism, and much more: https://t.co/Rb4aEMot4m

#Cryptocurency #Medium #Bitcoin #decentralized

[USDAO Stablecoin @usdao_io]

Getting Insights about #Stablecoin from the OGS @thetanmay @YeshuAgarwal @ankitw @CryptoMan_Ram @Dul_dul.

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Thank you & Shoutout to @CoinDCX @smtgpt @YourStoryCo for this Conferences and IRL event!!

#CoinDCX #Unfold2022 #USDAO #Web3 #Cryptocurrency

[Rumpa Nilesh Kedare @KedareRumpa]

@usdao_io Hell Yeah!!!!!!

[Rumpa Nilesh Kedare @KedareRumpa]

I have never been so excited!!!! Yes sure!!!! This must go official ASAP! :)

#Stablecoin #USDAO #Cryptocurrency #blockchaintechnology

[USDAO Stablecoin @usdao_io]

Shall we make this official USDAO #StableCoin #NFT ?
Let us know😉.