BAKSDAO White Paper
This is a BAKSDAO White Paper. Authored by BAKSDAO working group.

Project Mission

The primary and fundamental mission of the project is to make financial services available worldwide in order to develop a democratic society and preserve the environment for future generations.

Five Fundamental Principles of BaksDAO Platform

Economic Feasibility. BaksDAO's mission is entirely dependent on the economic status of the Platform. BaksDAO's activities should be aimed at maximizing profit only by legitimate and ethical means.
Sustainable Development. Deposits, collateral and other financial instruments have an impact on the sustainable and long-term development of the Platform. For us, it is essential that company profit management be sensitive to societal development and environmental safety.
Availability of Funds. The opportunities the Platform and its tools provide should be available to as many people as possible and its activities should be aimed at expanding its geographical scope and availability through training, promotion and guarantees of effectiveness.
Decentralization. BaksDAO's goal is to reach full decentralization. To achieve this goal, equal access and rights need to be granted to all voting BaksDAO Voice (BDV) token holders to guarantee the long-term success of the Platform.
Security and Backing Up. All user funds on the Platform shall be protected from external and internal impacts and manipulations. This is achieved through permanent smart contract terms and open blockchain networks as well as audits of smart contracts and IT infrastructure for vulnerabilities and continuous IT security support throughout the platform lifecycle. All funds issued by the Platform shall be cryptoasset-backed at all times.

BaksDAO Platform Overview

Today, the main cryptocurrency risk is coin volatility. Token volatility stems from the immaturity of the emerging financial cryptocurrency market. At the same time, the market is growing and provides excellent opportunities to develop blockchain technology and DeFi platforms.
We believe that decentralized platforms will play a meaningful role in the financial system of tomorrow. With BaksDAO, we adopted a new approach to deposits and lending: if a person has cryptocurrency, he/she should be able to use it as collateral to negotiate a low interest loan, which amount depends on market conditions, and gain a fair income when depositing his/her assets. In view of the above, the Platform opens an opportunity for the user to issue an amount of cryptoasset-backed coins (stablecoins) he/she needs.
BaksDAO is about gaining income from owning cryptoassets by placing them on the Platform to then lend them out at interest to other users. Th Platform is supported by smart contracts, oracles and the community, i.e., the Platform is decentralized, and we plan on becoming a full-fledged DAO project.
We also made it possible to determine the trajectory of platform development and make specific decisions on its improvement with a voting tool, allowed other developers to add their solutions to the services and more.
Every BaksDAO user can have a BAKS stablecoin on ERC-20 and BEP-20 blockchains against his/her cryptoassets. This cryptocurrency is fully backed by cryptoassets on BaksDAO smart contracts. The stablecoin is pegged to the dollar: 1 BAKS is always equal to $1.
Users can have BaksDAO Voice (BDV), a system governance token that facilitates decentralized decision-making by the community. Besides, it guarantees the autonomy, security and transparency of the system and the performance of the Platform's and the community's obligations to system participants.
BaksDAO will invest at least 25 % of its future profit in projects related to environment preservation and protection and new jobs in this sector of the economy.
BaksDAO will also invest at least 25 % of its future profit in BDV burning to ensure the long-term financial development and sustainability of the Platform.

Smart Сontracts — Securing Stablecoin Issue

Any BaksDAO user, depending on the laws of his/her country of residence, can use his/her cryptoassets as collateral to issue funds in the form of a BAKS coin using unique BaksDAO smart contracts.
BaksDAO smart contracts are used to secure the user's cryptoassets, accrue interest for providing cryptoassets as deposit, grant and repay loans. They approve requested amounts, charge off a collateral and keep it secure, then return user funds to his/her account. Smart contracts never stop working and are accessible 24/7. Therefore, users can at any time independently have any desired amount of funds or deposit their cryptocurrency to generate income.
The Platform can generate BAKS when the value of the pledged asset increases. The user can close the loan at any time. If the value of the pledged coin drops, it will be necessary to increase, redeem or sell the smart contract collateral.
BaksDAO develops smart contracts independently and has them audited by international companies and independent experts both within and outside the community. BaksDAO's community would also like to have the Platform's smart contracts stable, so its members encourage users to make suggestions on how to improve the performance and security of smart contracts and the system in general.

Deposits

The user deposits ВТСВ / Eth / BNB / WBNB / BAKS / USDT coins with a % accrual function (variable function — % amount).
% is accrued in two tokens (deposit coin and BDV token).
BAKS is issued against the deposit coin (except for a BAKS token deposit — 0 % issue)
BAKS Issue Distribution (Variable Function)
85 % — Exchange Fund
15 % — Stabilization Fund
0 % — Development Fund
Deposits can be accepted at two rates:
● Fixed
● Floating
At the launching stage, deposits are only accepted at a fixed rate. Later there will be a floating (higher) rate deposit.
The current rates are available at www.baksdao.com​

Deposit Function for Management Companies

The Platform allows both individuals and institutional investors, such as investment funds and management companies (Private Banking), to manage their clients' assets.
100 % security of user funds and high return on invested capital make the solution unique.
A deposit is made to a smart contract (depository of funds) and a BAKS stablecoin is issued against the deposit.
The Platform extends loans against the stablecoin issue, profits off of all exchange transactions and shares its profit with the user who has deposited his/her funds. Thus, the funds on deposit are constantly monitored by the user while also producing stable high income.
How Does a Money Manager Earn?
The Platform provides functions for managers in their account, where they can manage their assets. % of client income is accrued automatically. Managers can see the client's income accruals and their accrued % in real time. The income is available at any time.
Who Can Have Deposited User Funds?
Only the user with a connected wallet the smart contract deposit transaction was effected from.
The deposit smart contract only responds to the transfer command from the wallet this transaction came from. This is a permanent function that ensures 100 % security of funds and control over the withdrawal of cryptoassets.

Cryptoasset Depositing

❖ Step 1. Deposit Opening
The user chooses a coin he/she wants to deposit at interest and places it on a smart contract that interacts directly with the user's wallet address.
❖ Step 2. Taking Interest for Deposit Opening
The smart contract constantly calculates interest accrued on the opened deposit. The interest, as well as the principal of the deposit, can be withdrawn (taken) to the user's wallet address the funds were deposited from at any time or reinvested for additional income.
❖ Step 3. Deposit Closing
The user can close the deposit at any time by transferring the funds to the wallet address the funds were deposited from.

Raising a Loan Through BAKS Coin Issue

❖ Step 1. Providing Issue Collateral
The user provides collateral to secure BAKS stablecoin issue.
❖ Step 2. BAKS Issue on a Smart Contract Secured by Collateral
The user chooses the desired BAKS stablecoin amount based on the pledged coin LTV (loan amount to collateral value ratio). The smart contract then blocks the collateral and transfers issued BAKS stablecoins to the user's wallet. The collateral is blocked on the smart contract until the user performs his/her loan obligations.
❖ Step 3. Fees and User Obligation Closing
When a BAKS stablecoin is issued, the system automatically charges 1.5 % of the loan amount. These funds support smart contracts and help to pay for hardware maintenance. The user will only be able to have the collateral back after he/she repays the debt under his/her collateralized obligation. The only way to do that is with BAKS stablecoin.
❖ Step 4.Withdrawing Collateral to the Wallet
After the user has repaid the loan, the smart contract will automatically transfer the collateral to the user's wallet. The smart contract burns the coins issued against the pledge just closed to maintain stablecoin balance in the system.
Loan Raising Scheme
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BAKS Cryptocurrency

BaksDAO provides a means to issue a BAKS stablecoin against coins approved by the Platform.
BAKS stablecoins are calculated using a unique algorithm that keeps coin liquidity fully secured by collateral on BaksDAO's smart contracts. 1 BAKS coin is always equal to $1. The ways to make BAKS exchange rate stable are described below.

BAKS Stablecoin Stabilization Mechanisms

The Platform enables BAKS stablecoin issue only when the user transfers a collateral or deposit to a smart contract. BAKS cannot be “printed” or issued in any other way.
1 BAKS is always equal to the value of USD 1. And here is why:
Coin stability is maintained by the coin volume balancing module. Every time there is a difference in the system between the amount of all issued BAKS stablecoins and the total value of all collaterals and deposits, the module burns or issues the required amount of coins to keep the system balanced. The maximum possible change is 1 %, the time to check rate updates is 1 block (every 3-8 seconds).
BAKS burning is meant to increase stablecoin value up to $1 and issue is meant to reduce it to $1. Burning and issue take place instantaneously in the Stabilization Fund, so BAKS value is always equal to $1.
Issue-related algorithmic changes and balance-related countercyclical strategies make BAKS stablecoins independent of unpredictability and user behavior during broad market corrections. At the same time, the transparency and reliability of the entire BAKS stablecoin ecosystem ensured by smart contracts contribute to stability and reliability.
Balances and stabilization operations can be checked at any time in Etherscan and Bscscan.

BaksDAO Voice (BDV) Token

BDV is ERC-20 and BEP-20 tokens built into BaksDAO's protocol. The token is a governance tool.
Token issue is tied to the growth of the Platform's TVL (Total Value Locked). We believe that we have no right to issue any number of coins without a proven success record of the Platform and we can only issue coins subject to specific TVL targets achieved as a result of platform reliability, coordinated teamwork and our users being satisfied with their income.
At the launch of the project, the volume of issue will be 50 million tokens. A total of 2 billion BDV tokens will be issued and 1 billion tokens will be burnt during platform operation.
BDV coin holders are involved in platform development when they vote for certain suggestions to improve/optimize its operation.

BDV Token Issue and Distribution

Initial issue:
50,000,000 at platform launch and marketing campaign start
Distribution:
50 % — airdrops
35 % — founders and the team
15 % — early investors
Subsequent issue:
With the Platform's TVL $5,000,000, BDV issue amounts to 50,000,000 coins
With the Platform's TVL $10,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $20,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $40,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $80,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $160,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $240,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $320,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $400,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $480,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $560,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $640,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $720,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $800,000,000, BDV issue amounts to 100,000,000 coins
With the Platform's TVL $880,000,000, BDV issue amounts to 200,000,000 coins
With the Platform's TVL $960,000,000, BDV issue amounts to 200,000,000 coins
With the Platform's TVL $1,040,000,000, BDV issue amounts to 200,000,000 coins
Distribution:
· 50 % to be sold on the market
Sales proceeds:
o Development Fund
o Marketing
o Development
· 25 % — founders
· 15 % — investors
· 10 % — team
Burning Process:
When a company becomes profitable, at least 25 % of its profit will be used every two quarters to buy out BDV tokens from the market and then burn them.

BDV as a Governance Token

BDV holders can vote on a number of different issues — each user with these tokens may vote on platform development issues and introduction of changes into the system algorithms.
With voting, the BaksDAO community will be able to change such protocol parameters as a 15 % collateral liquidation penalty and the initial LTV on loan coins. Besides, voting will help to determine lists of pledged coins, management processes and user roles as well as individuals/companies for certain tasks.
After discussions on the message board and in social networks, BaksDAO administrators put a block of changes to a vote: 2 smart contracts with opposite values — YES and NO — are created on the voting subdomain. Voting covers the entire block of changes at once. BDV holders can make up their mind within 5 business days of the start of the voting.
To cast a vote, the user should go to the subdomain, connect his/her wallet and select the relevant question. He/she can vote by making a BDV transfer to the address of one of the two smart contracts. Coins will be returned to the user's wallet after the voting has been completed.
Voting results are available to all community members once the votes are counted. The changes take effect as per the deadlines specified in the smart contract.
The number of votes is counted by the number of tokens locked in voting (1 BDV token = 1 vote). A greater number of votes in the contract is deemed accepted. A member may withdraw his/her tokens from smart contract voting during the time period allotted to the voting and is allowed to make another "Yes-No" decision.
A decision made is followed by a moratorium on automatic change of smart contract parameters for 48 hours
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If the decision involves risks for the Platform or is contrary to the five basic principles, users can render a counter-decision to reject the decision while the moratorium is effective.
Variable-related parameters change automatically following the decision when the moratorium on changes expires.
The decision history is available in the voting repository. The repository is accessible to everyone.
At early stages, the Platform can use a third-party voting service like https://snapshot.org/ with its own voting strategies or those developed by other community members. The key point is to comply with the basic principles and rules outlined in this document.

BDV Token as Loan Closure

At platform startup, a BDV governance token has no value, so this function is only available after the community decides to give price value to the BDV token having formalized this decision in voting.
After giving value to a BDV token, the community may decide to reduce the interest payment on loans if a loan is closed with the BDV token. The system shall take care of BDV-to-BAKS stablecoin conversion to further burn the BAKS stablecoin so as not to disrupt system balances.

Fees and Fines

To keep all systems and support teams running, BaksDAO charges a stability fee of 1.5 % of the loan amount. The system writes it off automatically when the user provides collateral.
When purchasing BAKS to redeem the collateral and participate in liquidation loan buy-out, the user pays no exchange fee to BaksDAO. The exchange function is integrated with DEX platforms, Uniswap and Pancakeswap, and fees depend on their policies. If BAKS and BDV are listed on CEX platforms, fees will also depend on the policies of these platforms only.
If the user is unable to redeem the collateral with his/her own funds and the collateral value covers the collateral refund amount, he/she can use the collateral liquidation function with no funds deposited. In this case, the system will charge 15 % of the loan amount.
All blockchain transaction fees are independent of BaksDAO's policy and do not apply to the Platform's fees.
If a deposit with automatic deposit principal restaking is used, the Platform charges 2 % for automatic restaking when the user withdraws his/her earnings. The 2 % is only charged of accrued %.

Risk Management on BAKSDAO

BAKS issue, collateral and BDV governance token release mean various risks for the Platform. Risks related to liquidity, other project development, BAKS coin stability and collateral liquidation are estimated and tested using a mathematical model and then accepted by users with voting BDV coins.
Parameters BaksDAO considers when it estimates risks are as follows:
❖ Drop in the Market Value of the Collateral Portfolio
With a drop in the market value of the entire collateral portfolio, especially with a savage downturn in major coin rates, there is a risk of collateral defaults and margin calls. Depending on the risks involved, BaksDAO determines LTV for each coin that can be used as collateral. Users should focus on three LTV levels:
1. Initial LTV — 65 %
2. Margin call LTV — 75 %
3. Liquidation LTV — 83 %
Market conditions, the value and LTV of pledged coins give rise to the following system balancing events:
- Burning coins in the Stabilization Fund
- Notifying users of a drop in collateral value and urgent collateral closure or coin depositing to level out LTV
- Partial collateral liquidation (in future releases). It enables the user to minimize the risk of losing the pledged asset and reduces the risk of platform default.
- Complete collateral liquidation (prevents the risk of platform default).
❖ Oracle Discrediting
BDV holders determine the number of oracles used and assign control nodes to create a decentralized oracle system. This is necessary to avoid oracle hacking or discrediting risks.
❖ Adding a New Cryptocurrency to Raise a Loan
In the 2.0 release, we will apply coin scoring by capitalization, trading volume over a certain period of time and other important features. Based on these data, BDV holders will vote to accept and extend BAKS coin loans against the coins.
❖ Attacks on Oracles, Platform Modules or Smart Contracts
DeFi platforms are regularly targeted by cyberattacks. Our team understands risks associated with such threats. To combat them, all system nodes, smart contracts and platform modules are audited by the community, specialized companies and "white hats" for possible vulnerabilities of both individual system elements and the entire architecture. We are ready to reward all platform users for finding and reporting vulnerabilities in our system.
❖ BAKS Stablecoin Value Disruption
A binary algorithm has been developed for BAKS token stability to ensure token stability, simplicity and reliability. The maximum possible change is +-1 %, the time to check rate updates is 1 block (every 3-8 seconds).
The issue algorithm is based on securing token issue with funds (other cryptoassets) locked on the Platform's smart contracts.
The Stabilization Fund and the stabilization module are in place to keep the current value equal to US$1. With countercyclical strategies in balance maintaining, the Platform automatically burns or generates additional issue.
BAKS burning is meant to increase stablecoin value up to $1 and issue is meant to reduce it to $1. Burning and issue take place instantaneously in the Stabilization Fund, so BAKS value is always equal to $1.

BAKS Coin Liquidation

The system automatically burns coins the user returns to the system under a pledge contract. The information on the coins burned, including the address of the contract that generated coin issue, goes into the registry of data on the amount of coins burned. All data on coin liquidation (burning) at smart contract closure are available in the open network.

Liquidation on Margin Call

To protect user collaterals from liquidation, the smart contract platform checks information on all collaterals every block (3-9 seconds). To do so, a robot collects data on the value of all pledged cryptocurrencies from exchanges and calculates the value of collateral and LTV.
LTV reaching 75 % gives rise to a margin call — the system automatically notifies the user (provided that he/she has completed signing on) of a reduction in the collateral LTV/liquidity ratio. In this case, the user can either increase the collateral amount or repay a part of his/her loan.
If none of this happens, the system automatically starts the collateral liquidation procedure, which is necessary for the user to be able to close the loan if the value of the pledged asset drops.
When LTV reaches 83 %, the Platform will automatically sell the collateral.
The Platform can then involve Liquidators to sell liquidation loans. During the auction, they can redeem the user's collateral with BAKS stablecoins. The smart contract then burns the amount of BAKS the borrower was supposed to return.
For example, a user raised a 700 BAKS loan with a $1,000 collateral. If collateral LTV jumps to 83 % — that is, the collateral is down to $843 — the Platform launches the liquidation procedure.

Platform Funds

With collateral, a part of generated BAKS stablecoins is distributed between the Stabilization and Exchange Funds. BaksDAO will have a total of three funds:
● Stabilization Fund
● Exchange Fund
● Development Fund

Stabilization Fund

This is the Platform's major fund governed by the smart contract of issued stablecoin stabilization. With updates of ERC-20 and BEP-20 blockchain nodes, the oracle receives updated pledged coin rates and transmits this value to the smart contract. The smart contract then compares the value of issued BAKS coins with the volume of collaterals on the Platform's smart contracts. If the rate of pledged coins drops or rises by 1 %, the system burns extra coins or generates additional issue so that 1 BAKS is always equal to $1.
When the user repays the loan, the smart contract burns returned BAKS and collateral balance for coin LTV in the Stabilization Fund.
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Keeping BAKS Stable

Exchange Fund

The Exchange Fund is meant to exchange a BAKS stablecoin for other popular cryptocurrencies, including BTC, ETH, USDT and BNB.
The Fund can be accessed through BaksDAO account — users have no need to go to other platforms to exchange BAKS for another cryptocurrency.
There is a separate smart contract responsible for BaksDAO's Exchange Fund. It allows users to exchange a BAKS stablecoin for popular cryptocurrencies in seconds without leaving BaksDAO. BaksDAO charges no fee from users for accessing BAKS stablecoin exchange.
The Exchange Fund is made up of several sources:
1. BAKS stablecoins issued when a loan is granted.
2. Investors' funds.
3. Funds of platform users, who invest funds at interest.
The Exchange Fund is public — any user can check where his/her funds are.
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Cryptocurrency Sources for the Exchange Fund

Development Fund

Implementation Following Acceptance by the Community, Version 1.0 (not Earlier)
To be implemented when shaping the community with the affirmative vote for fund launch and responsible fund supervisors appointed
The main goal of the Fund is to invest in projects for target return approved by the community based on the evaluation and acceptance of the available risk/return ratio. The Development Fund receives funds from the Platform's profit, then from interest from collateral and BDV token issues. Private investors can increase the size of the Fund.
The investment decision is made by BDV governance token holders. BaksDAO community members can vote on projects in several areas, including:
❖ DeFi
❖ Environment preservation and protection projects
❖ Fintech and crypto market — startups aimed at the development of the financial sector
The voting process is divided into two stages. The first stage is voting for BDV holders to determine whether a project is worth investing the Fund's money. If the decision is favorable, community members form a steering committee with project supervisors and industry experts and approve a funding budget and a project roadmap.
BDV holders shall confirm their investment decision by transferring BDV tokens to the project's smart contract to make sure the loss is covered if the project fails. Then the Fund allocates an amount corresponding to the approved budget.
Funding is based on the approved plan and roadmap. Funds for the project are allocated in installments. Before a new funding round starts, the project supervisors confirm that the project is worth another tranche of funding. This is how it works until the investment contract is performed in full or until the project is disinvested.

Project Disinvestment Mechanism

If, at any project review stage, project supervisors decide by a majority vote to suspend funding, the smart contract triggers the function of return of the remaining funds to the Development Fund. In this case, the losses are covered by blocked BDV funds (provided that the token has a value) users voted with to invest in the project. If these funds are not enough, the remaining amount is covered by the Development Fund.
The Development Fund procedures and regulations may be changed if the community so decides and the relevant voting so follows.

Referral System

We feel that it is important to reward users who help us to attract new clients. Therefore, we plan to develop a referral system for community members to receive BDV tokens. Any user can become an ambassador in the future and receive tokens for clients he/she attracted.

Transition to DAO

The Platform will develop in the most effective way after BaksDAO has switched to a Decentralized Autonomous Organization (DAO) format, which is scheduled for 2023 or before.

System Participants (Pending Acceptance by the Community)

Platform members are the heart of entire BaksDAO development: smart contracts, automatic events, oracles and all platform modules are only meaningful if used by our ecosystem members. We divide participants into several categories:
● Standard user
BaksDAO user who can issue BAKS coins against cryptoassets or provides cryptoassets for a deposit loan.
● Liquidator
User with BDV coins who can vote and participate in liquidation auctions.
● Editor (expert)
BDV coin holder with the VIP status. He/she can discuss and vote on all platform development issues and participate in investment decisions. Besides, the editor can be elected to the investment supervisory board in the sector where his/her expertise is essential. The editor can also bring up platform functionality issues and propose amendments to BaksDAO's procedures and regulations.
● Arbitrator
User whom community members entitled to arbitrate both between community members and to the extent of system operation issues. Arbitrators are authorized to calculate mathematical values for the key parameters of system operation.
● Superuser
User with all the functions available to system participants. He/she can vote on general and strategic issues.
● Keepers
Members of the board of trustees, observers monitoring the basic principles of platform development.

Platform Development with Transition to DAO

Further platform development is only possible with complete project decentralization. Switching to a decentralized autonomous organization format will open up additional opportunities for users.
Arbitrage
In the 2.0 release, users with Liquidator status will be able to connect their own arbitrage bot or use a BaksDAO bot to make extra money through arbitrage trading.
When purchasing pledged assets at a discount of up to 5 %, Liquidators can automatically make a deal to sell a similar asset on another exchange without discount and earn up to 5 % extra.
This feature will only become available on BaksDAO once the community has voted for it.
Collateral Auction
Unless the user redeems his/her collateral, it will be sent to a liquidation auction, where only BDV coin holders with liquidator status can participate. At the auction, liquidators can buy collaterals at a discount of 0.01 % to 5 %. If none of the bidders buys a collateral at a discount of up to 5 %, the system automatically buys the collateral and makes an arbitrage transaction on another exchange.
Collateral auctions will only become available on the Platform once the community has voted for such auctions.

Potential for Development — Market and Its Boundaries

Experts at the Wharton School of the University of Pennsylvania identified six major uses for DeFi: stablecoins, decentralized exchanges, credits, derivatives, insurance, asset management and supporting services such as wallets and oracles.
We support these uses and believe that DeFi is only at the beginning of its active development although the decentralized finance market already has billions of dollars of users worldwide and European and American venture capital funds are actively investing in this area. We believe that DeFi will soon be involved in all economic sectors, from logistics to agriculture.

Economic Model

The Platform has several sources of profit:
1. Lending
2. Income from fees and fines, including collateral liquidation
3. Pools with BAKS token on DEX platforms, exchange transaction earnings
4. Depositing the most popular and profitable coins
5. Return on investment in other projects
6. Other sources of income approved by the community

Upcoming releases:

1. Launch of the Development Fund
2. BDV tokenomics (if accepted by the community)
3. NFT and gamification
4. Lottery
5. Other areas the community will vote for

Conclusion

BaksDAO is not a pioneer on the cryptocurrency market. And yet we were among the first on the DeFi market to enable users worldwide to benefit from asset-backed liquidity freely and almost instantly without mandatory repayment deadlines.
We have created an algorithmic stablecoin with code combining user-oriented simplicity and system-oriented reliability and stability.
For user convenience, we have specifically developed a multi-chain solution that facilitates user-platform interaction. The Platform's network will automatically switch to the network the user's wallet is connected to.
We introduced features for institutional investors who invest their clients' money having made our users' funds 100 % safe.
The platform architecture has a built-in development capability, inter alia, by incorporating additional services of other teams.
All of this is possible due to decentralization which is a cornerstone of sound decision-making supported by trust in blockchain technology.
Last modified 1mo ago