not approved
ADA-backed algorithmic stablecoin
Current Project Status
unfunded
Total
amount
Received
amount
Received
$0
Total
amount
Requested
amount
Requested
$5,001
Total
Percentage
Received
Percentage
Received
0.00%
Solution
One solution to the problem is to implement a ADA-backed algorithmic stable coin by forking and deploying an existing project.
Problem
Upcoming defi projects for cardano will require one or more stablecoins for traders to prevent capital loss due to price volatility.