Asymmetry Partners with Ampleforth and Paid Network to Launch afUSD
Asymmetry Finance, a liquidity collateralized derivative agreement, is launching a fully on-chain synthetic US dollar, afUSD, with a flexible supply based on market conditions, through partnerships with stablecoin project Ampleforth and decentralized application Paid Network. It is reported that the algorithmic stablecoin uses Ampleforth's adjustment mechanism to control token supply at a specific price, and according to Asymmetry, its elastic model can protect its stablecoin from financial pressures in the real world.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin Investors Watching Closely as This $0.0013 Token Is Forecasted to Outshine DOGE and ADA
Hawk Tuah investors file a lawsuit against promoters
Today's Fear and Greed Index is 73, and the level is still Greedy
PNUT briefly broke through $0.77, with a 24-hour increase of 11.4%