Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Asymmetry Partners with Ampleforth and Paid Network to Launch afUSD

CointimeCointime2024/06/12 11:04
By:Cointime

Asymmetry Finance, a liquidity collateralized derivative agreement, is launching a fully on-chain synthetic US dollar, afUSD, with a flexible supply based on market conditions, through partnerships with stablecoin project Ampleforth and decentralized application Paid Network. It is reported that the algorithmic stablecoin uses Ampleforth's adjustment mechanism to control token supply at a specific price, and according to Asymmetry, its elastic model can protect its stablecoin from financial pressures in the real world.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Space and Time joins the ZKsync Elastic Chain ecosystem

Odaily2024/07/03 17:35

dYdX Foundation releases 2024 H1 ecosystem report: transaction volume reaches US$166 billion

Odaily2024/07/03 17:35

On July 3, nine US Bitcoin ETFs increased their holdings by a total of 208 Bitcoins

Odaily2024/07/03 17:35

CryptoRank: The blockchain with the largest TVL growth in Q2 is zkLink Nova

Odaily2024/07/03 17:35

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9937.51%
ROI
Total profit $50681.28
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1323.16%
ROI
Total profit $3841.97

Bot copy trading

More
GoldenEgg
GoldenEgg
insight142/150
$8535.66
Total profit
Total subscriber profits $-284.87
BGUSER-FFF8CNJ4
BGUSER-FFF8CNJ4
insight8/150
$4174.08
Total profit
Total subscriber profits $-79.9