Can I read Relay Stablecoin System Overview on EtoBox?

Relay Stablecoin System Overview by De Oliveira Claudio is a document available to read on EtoBox.

What is Relay Stablecoin System Overview about?

The document summarizes the Relay stablecoin system, which establishes a two-token system - the Relay Dollar (XRD) pegged to the US Dollar and the Relay Token (XRL) as collateral. XRD is issued in exchange for depositing XRL into the Relay DAO. Price stability is maintained through mechanisms that issue more XRD when its price rises above $1.01 and allow redeeming XRD for XRL when its price falls below $1, with redeemed XRD burned. The system aims to provide a private stablecoin for cash-like usage through

Author

De Oliveira Claudio

Language

EN