Magpie

Now USDD liquidity providers can maximize their earnings by depositing their assets on <a href="https://www.magpiexyz.io/stake" rel="noopener noreferrer nofollow">Magpie</a>.What is USDD?USDD is a stablecoin that is issued and held by <a href="https://tdr.org/#/" rel="noopener noreferrer nofollow">TRON DAO Reserve</a>. The coin is pegged at a 1:1 ratio to the U.S. dollar, which means that one USDD equals one U.S. dollar in value. USDD has more assets supporting its value than it actually needs, which is known as over-collateralization. The coin’s value is supported by highly liquid crypto assets like BTC, USDT, USDC, and TRX, which are held by the TDR.The TDR holds a value of collateralized assets that is much higher than the total value of USDD in circulation. This means that the coin’s value is well-supported and that there is a high level of confidence in its stability. The collateral ratio for USDD is set at 120%. This high collateral ratio is a key factor in maintaining the stability of USDD and ensuring that it remains a trustworthy and reliable stablecoin.Stablecoins collateral ratio<ul><li>USDT: 100%</li><li>TUSD: 100%</li><li>USDC: 100%</li><li>DAI: 120%</li><li>USDD: 120%</li></ul><img src="https://miro.medium.com/v2/resize:fit:1400/0*KFd3ByHtF2YRTIvY" />USDD Collateral ComparisonThe Advantages of USDDUSDD offers a significant advantage in its decentralized nature, as it lacks a central controlling authority for its circulation and usage. This results in increased autonomy and control for users over their financial transactions. Like Bitcoin (BTC) and Ethereum (ETH), USDD provides complete ownership to its holders, ensuring that no individual or organization can freeze or seize their USDD holdings.This decentralized nature of USDD can be especially appealing to those who are looking for a stablecoin that is not controlled by a central authority. By using USDD, individuals can take advantage of the stability and predictability of a pegged stablecoin while still maintaining a high level of control over their assets.TRON DAO Reserve<img src="https://miro.medium.com/v2/resize:fit:1400/0*T7lpRuEcxFh8F-Pi" />Tron DAO ReserveInitiated by the TRON network, the TRON DAO Reserve (TDR) aims to safeguard the overall blockchain industry and crypto market, prevent panic trading caused by financial crises, and mitigate severe economic downturns. The TRON DAO Reserve oversees TRON-based mainstream stablecoins as well as manages Decentralized USD (USDD) on TRON as its early custodian and ensures its price stability with reserves.Boosted USDD Liquidity pool<img src="https://miro.medium.com/v2/resize:fit:1400/0*98bXyF-kTRQnF68H" />The deployment of the USDD pool on Wombat Exchange has opened up new avenues for USDD holders to earn passive income. Now, users have the chance to earn even more rewards by providing liquidity through the <a href="https://www.magpiexyz.io/stake" rel="noopener noreferrer nofollow">boosted USDD pool on Magpie</a>. By taking advantage of the accumulated veWOM of Magpie, liquidity providers may deposit USDD on the platform to maximize returns. This mechanism is ideal for those looking to get the most out of their USDD holdings.About Magpie XYZ: Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and in return share part of the protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.<a href="https://www.magpiexyz.io/" rel="noopener noreferrer nofollow">Website</a> / <a href="https://twitter.com/magpiexyz_io" rel="noopener noreferrer nofollow">Twitter</a> / <a href="https://discord.com/invite/magpiexyz" rel="noopener noreferrer nofollow">Discord</a> / <a href="https://t.me/magpiexyz_io" rel="noopener noreferrer nofollow">Telegram</a> / <a href="https://docs.magpiexyz.io/" rel="noopener noreferrer nofollow">Gitbook</a> / <a href="https://link3.to/magpiexyz" rel="noopener noreferrer nofollow">Link3</a> / <a href="https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Magpie-v1.0.pdf" rel="noopener noreferrer nofollow">Peckshield Audit</a> / <a href="https://github.com/zokyo-security/audit-reports/blob/main/Magpie_Zokyo%20audit%20report.pdf" rel="noopener noreferrer nofollow">Zokyo Audit</a>

USDD Boosted Liquidity Pool is live on Magpie

Magpie XYZ

Alte articole publicate pe 9 mar. 2023

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