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Proposal to Whitelist USDT/USH farm for $ASH rewards #37

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phanletrunghieu opened this issue Jan 15, 2025 · 0 comments
Open

Proposal to Whitelist USDT/USH farm for $ASH rewards #37

phanletrunghieu opened this issue Jan 15, 2025 · 0 comments

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@phanletrunghieu
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Summary

USH is the first decentralized, multi-collateral stablecoin natively minted on the MultiversX blockchain. It can be minted through multiple facilitators, such as the Lending Protocol, using blue-chip assets like WETH, WBTC, USDC, USDT, UTK, MEX, or HTM. Additionally, USH can be minted at 0% interest through the Isolated Pools Facilitator, using assets such as EGLD or wTAO.

USH is minted by users who provide collateral at a predetermined ratio. This ensures the stability and value of USH, which is backed by a diverse basket of solid assets. When users either liquidate or repay their borrowed positions, the corresponding USH is returned to the platform and effectively "burned," or removed from circulation. This mechanism helps maintain the stablecoin’s parity with the U.S. Dollar.

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