RevenantLabs

RevenantLabs

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Launched by the team at Revenant Finance (formerly StakeSteak) on 8 January 2022, Creditum is a lending and borrowing protocol within the Fantom Ecosystem that allows users to borrow (or mint) cUSD, a stablecoin pegged at $1 USD, by posting different tokens as collateral. With access to cUSD, users are able to earn an annualized percentage yield (APY) on available farms to earn CREDIT, while maintaining exposure and gain access to other benefits as future projects are launched.
  • рынок
    пара
    Цена
    Том 24Н
    24ч (цена)
    24 ч (объем)
  • SpookySwap
    CREDIT/0XC165D941481E68696F43EE6E99BFB2B23E0E3114 11 месяцев назад
    $ 0.8377
    $ 74.32
    -
    -
To be announced
Детали токена
Бегущая строка
CREDIT
Общее предложение
50,000,000
Распределение токенов
8,584,575 CREDIT to RVNT holders = ~17.2%
32,900,000 CREDIT to Treasury and Emissions = 65.8%
8,515,425 CREDIT for Team Allocation = 17%
дополнительные детали
категории
Платформа

О проекте RevenantLabs

The Fantom network still lacks a functional native stablecoin. With cUSD, the Revenant Finance team hopes to fix that. Initially, cUSD has been released independently to prove its functionality at keeping cUSD pegged to $1 USD. Eventually with the cooperation of the Fantom Foundation, cUSD will be able to migrate from the old fUSD to finally introduce a functional native stablecoin to the Fantom Ecosystem.

Importance of cUSD

Initially, cUSD has been released independently to prove its capability of maintaining peg at $1 USD and act as a functional stablecoin. Eventually, cUSD will become the fundamental token that builds up Singularity Swap. Singularity Swap is the next project that will be released by the team at Revenant Finance.

How is cUSD pegged at $1?

Since Creditum requires overcollateralization — whereby the value of a user’s posted collateral to borrow cUSD exceeds the value of cUSD borrowed — each cUSD unit is backed by at least $1 USD in collateral. This allows the protocol to liquidate users’ collaterals in the event of market downturns, ensuring cUSD’s solvency, and thus, keeping cUSD pegged at $1 USD. In short, the value of the assets received by the protocol from users who mint cUSD is far greater than the value of its liabilities, and, as such, the protocol remains solvent at all times.

Активность

Читателей:
8 026
HIGH
Твиты:
596
VERY HIGH
Рост за 30 дней:
-94

RevenantLabs Последние Новости

$ 0.0001
2.48%
Crypto Stats
Daily, %:
2.48%
Weekly, %:
28.09%
Monthly, %:
115.15%
Market Info
Market Cap:
Volume 24h:
$ 0.8940
Circ. Supply:
Ticker:
CREDIT
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