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Deswap($DAW)
$0.078274
Low $0.0
High $0.0
What is Deswap?
Deswap(DAW) is a decentralized lending protocol powers the world's first decentralised stablecoin(YAI) built on polygon network, which is backed by a basket of stablecoins and crypto assets with no centralised control .We are aiming to cha...
Deswap(DAW) is a decentralized lending protocol powers the world's first decentralised stablecoin(YAI) built on polygon network, which is backed by a basket of stablecoins and crypto assets with no centralised control .We are aiming to change the interaction between the lenders and borrowers so that people can exchange assets without seamlessly loosing their funds in the form of higher gas fee. On the Polygon chain, the Deswap Protocol is designed to enable a comprehensive algorithmic money market protocol. To begin, the Deswap Protocol(DAW) will allow users to mint YAI (YAI), a synthetic stablecoin pegged to the price of $1 USD, by using the yTokens from the underlying collateral already submitted to the protocol. Users may borrow up to 50% of the remaining collateral value in their yTokens to mint YAI.Stablecoins on the Deswap Protocol can be created synthetically and added as a proposal through Governance. The protocol's default stablecoin will be YAI, which can be created using collateral previously committed in Deswap.The ability to use the collateral provided to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that safeguard the foundation with very low gas fee and fastest block confirmations is what sets Deswap apart from other money market protocols.These synthetic stablecoins are backed by a cryptocurrency basket rather than a basket of fiat
Tags
Funds
Influencers
Twitter Mentions
1 mentions
CoinScouts Grade
Market Statistics
Volume
$876.00
Market Cap
$0.00
Fully Diluted
$7,827,400.00
Market cap Value
0 %
Circulating Supply
0
Max Supply
100,000,000
Total Supply
100,000,000
% of Max Supply
0.00%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
Deswap Statistics
Name
DeswapTicker
DAWPrice
$0.07827424 Hour Trading Volume
$876.0024 Hour Volume Change
0.00%Market cap
$0.0024 Hour Market Cap Change
0.00%Fully Diluted Market Cap
$7,827,400.00Price change 24 hour
0.00%Price change 7 days
0.00%Price change 14 days
0.00%Price change 30 days
0.00%All Time Low/High
$0.00300078 | $1.0Percentage Change Since All Time High
-92.17%Percentage Change Since All Time Low
2,508.47%Market cap rank
N/AVolume / Market Cap
0Issuance Blockchain
Polygon POSCirculating Supply
0 (0.00%)Max Supply
100,000,000Total Supply
100,000,00024h Volatility
$0.02Twitter Followers
52,355Telegram Users
17,699Reddit Subscribers
0Github subs
n/aGithub issues
n/a
Similar projects
No similar projects for Deswap known.
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Deswap News
No news for Deswap known.