ApeUSD is an overcollateralized, USD-based stablecoin similar to DAI on Maker, where depositors of assets such as ETH can mint DAI by overcollateralizing their borrow position. Underwater positions are automatically liquidated to ensure longevity. Users can collateralize APE to mint apeUSD. ApeUSD is a synthetic token that tracks the value of the USD, backed by APE.Ape Finance is building DeFi tools for metaverse dwellers, proud PFP owners, and digital collectible enthusiasts in all of us. Ape Finance begins with the creation of the ApeUSD.

ApeUSD

ApeUSD is an overcollateralized, USD-based stablecoin similar to DAI

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