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Stablecoin
USDB Price
Contracts/Explorers:
Fantom
Funds and Backers
No funds found yet
Wallets
No wallets found yet
USDB is a next generation algorithmic stablecoin built on the Fantom blockchain
USDB is a first-of-its-kind stablecoin that allows FantOHM to generate revenue like no other OHM fork. USDB is a proprietary tradable stablecoin. It serves the use case of unlocking the full value and potential of the treasury and the DAO operating account while maintaining stability in the treasury. The amount of USDB created at a given point in time is the burnt market value of FHM at a specific point in time.
Proof-of-burn is a consensus mechanism that ensures there will be no double spending of an asset. Once an FHM token is burned, the value (at the time of burn) is locked and recorded on-chain. That means burning an amount of FHM from the DAO operating account would mint the same dollar value in USDB. $1 in FHM to $1 USDB. When USDB rises above $1 in value, a bond is offered to purchase USDB with DAI at a $1 per USDB valuation instantly. DAI is then deposited to FantOHM’s treasury and investors get USDB that can then be swapped for other stables or assets in a DEX.
Right now, there are two main reasons why we need USDB:
LayerAI
$ 0.0345
Ronin
$ 3.37
Zero1
$ 0.660
THORChain
$ 5.65
Maple
$ 14.41
PAAL AI
$ 0.305
Cetus Protocol
$ 0.125