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POFID is described to be a blockchain technology-based framework that provides issuance and management of stablecoin technology and governance.
It claims to be a DeFi project built on SERO, POFID stands for Privacy-Oriented Financial Instrument Distribution Framework & DAO, i.e. to provide a trusted decentralized financial asset management platform with privacy protection, POFID-DAO refers to the platform’s decentralized governance framework organization.
POFID’s value is intended to be for when any institution pursues to use cryptocurrency as an option for a universal stable currency. It can provide its convenience during actual operation, while also when formulating one’s monetary system, it is possible to have a sufficiently flexible mechanism set as this system’s operation guarantee.