Introducing the Nash Stablecoin Project

Written by lisk | Published 2021/07/11
Tech Story Tags: lisk | blockchain | the-nash-stablecoin-project | stablecoin | how-does-nash-work | javascript | decentralized-stablecoins | good-company

TLDR Stablecoins are designed to maintain price stability by using an algorithmic mechanism, without the requirement for central control on supply and demand. In addition to ordinary users who can buy Nash as a stable-value crypto-asset, arbitrageurs can earn money from the price fluctuations whilst helping maintain the peg. There is a decentralized reserve whereby investors can lock their crypto-assets and make a profit, (for example, using LSK) In the future, we will use this reserve to make the system sustainable under critical conditions.via the TL;DR App

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Written by lisk | We empower developers with a software development kit for blockchain applications written in JavaScript.
Published by HackerNoon on 2021/07/11