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Kickstarting an algorithmic stablecoin is no easy task, but the DeFi opportunities it unlocks are significant.
That's why we're rolling out significant downstream use cases for $KUSD, such as accepting it as a form of collateral in the upcoming PunchLend on @FVIXio.
In the final testing stages of $KUSD, our algo stablecoin that let's you borrow up to 50% LTV on existing stablecoins with automatic debt repayment.
Will give more updates probably EOW on launch plans.
KUSD unlocks lending and more on @FVIXio when its live next month.
What if every trade, loan, and algo stablecoin mint on a DEX routing 90% of the DEX volume on one of the fastest growing chains paid you; all at the same time?
The $FVIX token is already live and the app is coming soon. Bookmark this thread and read it 3 times to get the edge ⤵️
Introducing the @FVIXio app, a decentralized trading platform powered by a native volatility engine and algorithmic stablecoin $KUSD.
Launch in September.
Read more: https://t.co/P3FjqPtg0j