is a protocol behind the stablecoin USDV — a cryptocurrency that maintains the $1 value
USDV is the first collateral-backed stablecoin on
Velas Blockchain
You
can mint USDV by adding assets from Velas as a collateral
Hedge your funds, use whole potential of your assets and trade
with VeleroDAO
Use DAPPs built in Velas ecosystem.
Generate and invest your VLX, using various collateral in VeleroDAO.
USDV is a stable, decentralized currency that does not allow inequality. Any business or individual can experience and realize its benefits.
You deposit / send VELAS to the VeleroDAO smart contract, creating a Collateralized Debt Position (CDP)
Let's say for $150 in VLX you issue USDV worth $100. Important: you are not selling your asset. If the asset price goes up, you can generate more. If it goes down, your position is liquidated. Thus, the issue of USDV works as a hedging mechanism for capital preservation.
If you want to return your VLX you need to return the withdrawn amount from adding a small commission to it. That's all.
At these auctions, VDGT token holders are able to purchase the collateralized assets. They are usually 5-10% cheaper than the market price.
VDGT token manages the VeleroDAO platform, identifying key parameters (e.g. stability fees, types / rates, security, etc.) through the voting rights of the VDGT holders.
Buy USDV on Utorg via Visa/Mastercard
