Freedom Dollar (fUSD) — the private, decentralized stablecoin native to Zano

[freedomswap]

I'm just bumping this thread and wondering who here has been enjoying the permissionless USDT <> FUSD bridge? I'm using it daily to pay for all sorts of things.

[tommycat]

Pay for online stuff or offline?

[freedomswap]

I use it for both! The new USDT / USDC permissionless bridge at FreedomDollar.com make it so easy now!

[adiela 0]

The combination of dollar stability and Zano’s native privacy could make fUSD pretty useful for people anyone who don’t want every payment sitting on a public ledger.

[petrex 0]

how does fUSD handle periods of extreme ZANO price volatility, especially a sharp drop in ZANO's price? with the stablecoin being over-collateralized by ZANO, what mechanisms protect the peg and ensure the system remains sufficiently collateralized during severe market conditions?

[Yep]

fUSD has massive potential.

[monerodatruth]

@petrex-0 said:

how does fUSD handle periods of extreme ZANO price volatility, especially a sharp drop in ZANO's price? with the stablecoin being over-collateralized by ZANO, what mechanisms protect the peg and ensure the system remains sufficiently collateralized during severe market conditions?

The Zano reserves exponentially grows through fUSD swaps, market-maker profits, and staking rewards. Which will essentially, generate a compounding effect that offset price drops with more Zano.

This keeps the reserve healthy even in intense volatility.

[htzano]

i got told by a guy that if Zano got to the 4 dollar area that freedom dollar would de peg...... and it was fine i reminded him that we were at the 4 dollar area only got crickets.
i think he asked the AI and one thing he did not take into account was the market makers
so its had a good test from 10 to 4

[degenrocket]

What do you use as oracle to get Zano's spot price?

[htzano]

My understanding is there are no external oracles, each market maker node acts as its own price feed, pulling Zano's spot price straight from the CoinEx and MEXC order books in real time.

[freedomswap]

The FreedomDollar.com bridge now supports about 50 different coins on ETH!

[igreks]

Does this actually solve anything? I’m actually curious.

“ No central issuer — no company, no CEO, no HQ. It's open-source code, not corporate promises.”

[ketone 0]

@kwibs
0.265% in and 0.155% out is solid. I haven't tried it yet though. Are those fixed rates or do they adjust based on pool depth at the time of swap?