Hello! 👋🏻 In this post, we will guide you about the stablecoin protocol in Totem.
To ensure financial sustainability, Totem will implement a stablecoin protocol called aDai and the TOTS protocol. This is a token that will be applied across all Totem blockchains.
Each aDai will be backed by cryptocurrency assets. This mechanism is somewhat similar to MakerDAO.
In the Totem network, the value of the coin will be pegged to the US dollar 1:1, and any tokens, whether Totem or other cryptocurrency assets, can become collateral.
In addition, aDai has a price stabilization mechanism. It includes the following mechanisms:
🔹 Configuring CDP risk parameters.
🔹 Adjust the liquidation auction parameters.
🔹 Add a new type of CDP collateral asset.
🔹 Removal or modification of existing collateral assets.
🔹 Setting up the oracle machine.
✅ Using the aDai stablecoin protocol on the Totem network, the ecosystem can easily provide financial sustainability and the token can be applied universally with a 1:1 to USD price ratio.
📢 Find out more on our website:
https://totprotocol.com/