HyperDAO will create a SC (Stablecoin) System. Unlike other Stablecoins who are tied to a certain fiat currency, the HyperDAO Stablecoin is flexible and allows users to collaterise digital a ssets in exchange for Hyper that can be pegged to a variety of fiat currencies; for example, the HyperDAO SC system could mint Hy per USD, Hyper EUD or Hyper CNY etc. Alongside this, HyperDAO will be launching digital currency lending service, where users can borrow stablecoins from HyperDAO by pledging their own digital assets.
HyperDAO started from a successful blockchain crowdfunding platform that has provided financing for over 70 blockchain projects. HyperDAO’s platform token, HDAO, will be used for project ratings, voting, recommendation and community self-governance, with more ways of using tokens to come. Users can also participate in project crowdfunding with HDAO.
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