What is HaloDAO? Stable coins can be swapped between each other and against other assets using an automated market maker on the HaloDAO Protocol. The network will be launched on the binance smart chain and the polygon. The native utility token is RNBW. How network resources are allocated can be determined by governance participation. Stable coins earn a portion of their profits when staked in voting and voting in governance. Collateral for lending markets. There is a Collateral for A MM. The Protocol includes: The Automated Market Maker has a custom bonding curve that caters to swap between different priced stable coins. Stable coins have a risk profile that increases the utility of the lending market. Off chain voting and chain execution are hallmarks of optimistic governance. The xRNBW vesting token is used to reward and vest the RNBW liquidity rewards.
The number of RNBW token in circulation was capped at 100 million.
Who are the people who started the protocol? Jun Ming Yong is the founder and Protocol Lead for the HaloDAO Foundation. Jun has been fascinated with increasing financial inclusion since he was a child. Christopher Verceles was also a co-founder of ConsenSys. Ensuring that stable coins can be built is the purpose of haloDAO. There is no other stablecoin project that has succeeded beyond the US dollar.
