HaloDAO priceRNBW $0.00000002371

HaloDAO Protocol is a decentralised application platform designed to provide stablecoins optimised swaps between each other and against other crypto assets via an automated market maker. It also has the function of enabling stablecoin lending markets.

The network is launched initially on ethereum in its version zero and will be launched on binance smart chain and polygon.

RNBW is the native utility token that is used for: 1) Governance participation to determine how network resources are allocated 2) When actively staked in vesting and voting in governance, it earns a portion of stablecoin profits 3) Collateral for Lending Markets 4) Collateral for AMM liquidity

HaloDAO Protocol includes: 5) A stablecoin optimised Automated Market Maker (AMM) with a custom bonding curve catered to swapping between differently priced stablecoins 6) A stablecoin risk profile optimised Lending Market that increases collateral utility compared to volatile cryptocurrencies 7) Optimistic governance (off chain voting, on chain execution) 8) RNBW liquidity rewards and vesting via the xRNBW vesting token

Number of RNBW tokens in circulation: HaloDAO Protocol launched on the mainnet on June 24, 2021 capped at 100 million token supply.