PRESS RELEASE. Within the DeFi space, Wault Finance has demonstrated its revolutionary nature by developing multiple innovative products. The protocol is one of the fastest growing projects in the DeFi sector, providing users a variety of yield farming and staking opportunities.
Now, Wault intends to expand its ecosystem with the development of its stablecoin WUSD. WUSD is a next-generation stablecoin that uses an innovative model to ensure that it holds its peg to the dollar and is designed to provide use-cases for holders. This article will explore the key features of the stablecoin.
Commerce-backed stablecoin
WUSD is different from other stablecoins that are fiat-backed or algorithmic stablecoins. In WUSD’s case the stablecoin is backed by crypto-assets within a sustainable mechanism.
The stablecoin is backed by USDT and Wault Finance’s native token WEX at a ratio of 9:1. This means that 90% of WUSD is collateralized by USDT deposits and the remaining 10% from WEX. This ensur
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