KaspaDollar

Decentralized dollar on @kaspaunchained aiming to pioneer the DeFi ecosystem on the fastest PoW network.

[KaspaDollar @KaspaDollar]

@TokenDepotCorp @Kaspa_Commons @asaefstroem The design of KaspaDollar will be fully decentralized and trustless. Thereby it will be outside the scope of regulation in the U.S and EU.

[Michael Sutton @michaelsuttonil]

i’ll do everything in my power on the technical side to help this initiative move forward and navigate any protocol-level obstacles along the way.

on a personal note, Alex has a rare mix of technical depth, bizdev talent and deep Kaspa knowledge. i honestly can’t think of anyone better suited to lead it, and i really appreciate him taking this on

[KaspaDollar @KaspaDollar]

@wearekas @asaefstroem @kccforum Thank you for the feedback it will be amended. @asaefstroem is the lead behind this project.

[KaspaDollar @KaspaDollar]

Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.

The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.

The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.

Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.

Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.

Up until that point, this account will share the plans, details and progress of the work as it develops.

[KaspaDollar @KaspaDollar]

@jakebuggis You will not be let down!

[KaspaDollar @KaspaDollar]

@kapsacoin @asaefstroem @kccforum Thank you!

[KaspaDollar @KaspaDollar]

@KaspaRocket Your contribution will be remembered!

[KaspaDollar @KaspaDollar]

@CryptoEndeavr @asaefstroem @GoonBoyCrypto @kccforum A timeline for a project like this must factor in generous margins for the tough problems ahead. It’s better to deliver early than late.

[KaspaDollar @KaspaDollar]

@StefanoPsifiako @asaefstroem is the only one who dares to take the risk.

[KaspaDollar @KaspaDollar]

@eddiewac @asaefstroem @kccforum Thank you! You will not be let down!

[KaspaDollar @KaspaDollar]

@Kaspaluo @asaefstroem @kccforum Legal from which perspective? Legally in the clear to operate this product?

[KaspaDollar @KaspaDollar]

@DrewReinhardt4 Hell yeah

[KaspaDollar @KaspaDollar]

@CryptoEndeavr You will love the whitepaper.

[KaspaDollar @KaspaDollar]

@CryptoEndeavr Why would that be the case?

[KaspaDollar @KaspaDollar]

@backasin89 Very fair point.

[KaspaDollar @KaspaDollar]

@HashAndPower Very good point! It will be clarified as time goes by.

[KaspaDollar @KaspaDollar]

@IbuyKaspa @asaefstroem @kccforum Rust fund is already allocated to the devs of RK

[KaspaDollar @KaspaDollar]

@BroadKasp @KarolPryka @pushisNu @asaefstroem @kccforum Will be done!

[KaspaDollar @KaspaDollar]

@KarolPryka @pushisNu @asaefstroem @kccforum Thanks for your feedback! It will be clarified!

[KaspaDollar @KaspaDollar]

@DailyKaspa Step by step, $KAS by $KAS.

[KaspaDollar @KaspaDollar]

@cll0ne Truly unstoppable.