Coinspeaker
Asymmetry and Ampleforth Launch afUSD Stablecoin Aimed at Decentralizing Market
Asymmetry Finance has joined forces with Ampleforth and Paid Network to launch afUSD. This new product is a synthetic stablecoin built on Ampleforth’s infrastructure. The older stablecoins depend on collateral like currencies that back them. However, this new one has its own unique mechanism that adjusts its supply to determine its price.
afUSD Expected to Compete with Ethena
afUSD is designed to be an alternative to more centralized stablecoins like Ethena. It was created to offer high yields and scalability and also have features that protect it from market volatility while at the same time ensuring decentralization and security. Since this new stablecoin won’t depend on collateral, it will use rotating AMPL tranches to ensure scalability and stability within the system.
Asymmetry Finance founder Hannah Jojo elaborated on this, explaining that their goal is to strengthen the u
We współpracy z: https://www.coinspeaker.com/asymmetry-ampleforth-afusd-stablecoin/
