Freedom Dollar (fUSD) — the private, decentralized stablecoin native to Zano
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@ZMiner Luckily, thanks to the staked Zano earning about 2.5% per year, the coverage ratio will grow by
1.82x x 2.5% = 4.55%
or
1.37x x 2.5% = 3.425%Compounding over time, this will add up to very significant reserves for fUSD.
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If I recall correctly, fUSD was launched with $100K in circulation, and $1M in Zano collateral in the public audit wallet giving it a 10X coverage ratio, but that dropped down to about 5x when the next $100K was minited, with only $1.1M in the reserve wallet at that point. It is hard to know what the ratio will be once $100M is minted but it seem that 5X or 10X are very possible because the market cap of Zano would need to grow a lot, including the value of the reserve wallet.
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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.
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I use it for both! The new USDT / USDC permissionless bridge at FreedomDollar.com make it so easy now!
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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?
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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?
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.
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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 -
What do you use as oracle to get Zano's spot price?
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The FreedomDollar.com bridge now supports about 50 different coins on ETH!
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FreedomDollar just added a groundbreaking bridge to their website between $USDT, $USDC, and $fUSD.
Fees from USDT to fUSD are just 0.265%, and back from fUSD to USDT are just 0.155%.
Ethereum, Tron, and Zano networks available.
Has anyone tried it out yet?
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check it out not sure how shared staking on a phone will work ?
https://www.freedomwallet.com/roadmap
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