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Joined November 2020
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Polkadot may soon have its own native stablecoin The @Polkadot Community Foundation has introduced a formal proposal for $dotUSD, a native decentralized stablecoin utilizing a market-discovered interest rate model. The protocol architecture is derived from Liquity Protocol v2, allowing borrowers to mint $dotUSD against $DOT collateral while self-selecting their own interest rates. This mechanism aims to establish an organic yield curve directly on-chain, moving away from centralized oracle-dependent rate setting.
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