A multi-year token sale involving the exchange of DAI for GHST ends on the exact same day of the stablecoin's depegging.
According to play-to-earn nonfungible tokens protocol Aavegotchi on Mar. 11, the entity closed the bonding curve defining the exchange rate between its namesake token and the DAI U.S. dollar stablecoin . The same day, the DAI stablecoin depegged as part of the ongoing, which was, in turn, caused by $3.3 billion in stuck stablecoin collateral deposits owed to its issuer Circle by now-defunct Silicon Valley Bank.
GHST is described as an"entry ticket" into Aavegotchi, where users can use the token to purchase NFT portals, wearables, consumables within the Aavegotchi game, stake to farm rewards, or participate in DAO governance. The Aavegotchi bonding curve was created on Sept. 14, 2020, with an opening price of 0.2 DAI per GHST.by Aragon, ensures new GHST tokens are minted and vice versa.
In what was essentially a multi-year token sale, the protocol has received a total of 30.3 million DAI. Developers firstin January that the DAI funds should be distributed for protocol liquidity, the Aavegotchi DAO, and its parent Pixelcraft Studios on a 20/40/40 basis. With the bond curve now removed, the exchange rate of GHST is now free floating and no longer determined by DAI. At the time of publication, the token's value has plunged by 18.09% in the past 24 hours to $1.12 apiece. Meanwhile, the price of DAI stablecoin has fallen 6.76% in the past 24 hours to $0.9314 apiece. Though no longer linked, the proceeds received from the token sale suffered a material loss due to the DAI depegging event.
when this shitstorm is over i fully expect all of the mainstream crypto news to writes articles on how
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Circle’s USDC instability causes domino effect on DAI, USDD stablecoinsOther popular cryptocurrencies, such as Tether (USDT) and Binance USD (BUSD), continue to maintain a 1:1 peg with the US dollar.
続きを読む »
Maker DAO files emergency proposal addressing 3.1B USDC exposureMaker says protocol's assets are fully collateralized but the DAI stablecoin has nevertheless depegged due to a 3.1 billion USDC collateral exposure.
続きを読む »
XRP Used as Solution by Blockchain Financial Service to Convert Funds During USDC DepegXRP: Blockchain financial service converts funds to $XRP in wake of USDC depeg XRPArmy XRPCommunity XRPHolders $XRP $USDC
続きを読む »
Bitcoin price spikes to '$26K' in USDC terms — How high can the BTC short squeeze go?Bitcoin brushes aside USDC depeg as BTC price returns above $20,000.
続きを読む »
Silvergate, Grayscale and USDC depeg: Three big stories this past weekSilvergate closed its doors, the USDC stablecoin depegged and Grayscale was left “encouraged” after its day in court against the SEC.
続きを読む »