11-15
USDG: The on-chain revenue protocol token
2020-11-06 Coinsure
USDG is the on-chain revenue protocol token of CryptoDAO Hedge Fund. All users deposit USDT in USDG Finance, will automatically mint the same amount of USDG and invest in CryptoDAO Hedge Fund to obtain income. CryptoDAO Hedge Fund is a project of Goliath Limited registered in the Republic of Seychelles. It is a recently emerging distributed organization focusing on quantitative trading and DeFi research. The core members are top industry professionals and professional traditional VCs with first-hand resources in the industry and years of risk control experience.
The token smart contract address:
0xc13F2Cd125491CBAE79e3EAD6B181103c6dE6F9b
Basic attributes of USDG:
1. Ethereum ERC20 standard protocol token;
2. 1 USDG = 1 USDT;
3. Each USDG has 100% USDT reserve;
4. USDG can distribute the income of CryptoDAO Hedge Fund.
Background
Since the advent of Bitcoin in the financial tsunami in 2008, cryptocurrencies have become more and more well-known around the world. Many people want to invest but suffer from insufficient knowledge of the blockchain and cannot fully understand the entire investment process. Therefore, the CryptoDAO Hedge Fund was launched based on the encrypted financial ecology of Ethereum. The issuance of the on-chain revenue protocol token USDG, combines the flexibility of DeFi and the ease of use of USDT, which greatly reduces the threshold for novices to enter DeFi decentralized finance, and eliminates complicated steps and handling fees. You don't need to invest in the DeFi market yourself to get much competitive income.
Existing market pain points
● Blockchain application process is difficult to understand. It requires multiple technical principles and cannot be quickly learned in a short time. For the general public, it is not easy to understand.
● Barriers to entry of a variety of blockchain derivative financial products are too high. It is only high-yield but difficult for general people to participate.
● Air projects are flooded and many teams cannot focus on innovative solutions.
Solutions
CryptoDAO Hedge Fund will create a crypto financial ecosystem that features:
● Integrate all DeFi products and important functions on the market, and drive users with zero barriers to entry into DeFi.
● Organization benefits are shared with all participants to achieve the highest overall value.
● Establish a decentralized organization and promote transparency and collaboration overall operations.
Strategies
CryptoDAO Hedge Fund combines AI(artificial intelligence), big data, blockchain and other front-end technologies with quantitative research. Committed to creating a smart encrypted financial service application, through the deployment of assets to multiple DeFi protocols (Yearn.finance, Curve, mStable, Cream) to obtain revenue. The elite team develops a smart strategy transfer mechanism to move assets into and out of different liquidity pools to diversify and reduce smart contracts and systemic risks, and provide the best benefits for CryptoDAO Hedge Fund supporters.
Governance equity
USDG is a decentralized agreement. All users who hold USDG can participate in the governance of CryptoDAO Hedge Fund. USDG can be used to control the voting of key decisions, including modification of income, reward duration, and it can also be used as a derivative trading on the secondary market.
Future developments
Until infrastructure development is completed, USDG will also launch DeFi applications to create a fully decentralized encrypted financial ecosystem, optimize the user experience on a large scale, and will be launched on major exchanges to provide the best liquidity and multiple landing application scenarios.
Learn more:
USDG official website: goliath.capital