WHAT?
GSUCoin is:
The first crypto to beat all fiat/crypto currencies in international price stability.
Blockchain-native. There is no equivalent stable unit in the existing monetary system.
It is the first Web3 unit with a better price stability than any fiat, provided by an experienced team of entrepreneurs, stack builders, marketers, and researchers in tech and blockchain ecosystems.
The majority of the existing stablecoins peg to the US dollar, and so are affected by the same economic policies and parameters that apply to their fiat-counterparts:
Inflation
Quantitative market manipulation
Interest rate maneuvering
We are contributing to the joint efforts to bring the best possible price stability at scale to the Ethereum Virtual Machine (EVM) and beyond because we believe everyone should have access to monetary stability and transaction efficiency.
GLOBAL
The GSU solution is based on calculations representing more than 80% of global capital flows, which corresponds to ≈1000 most important trade relations in the world. GSU Protocol performs the issuance of over-collateralised GSU coins (GSUc) - soft pegged to the GSU rate via GSUcoin.app
S
STABILITY
The system continuously monitors changes to worldwide patterns and fiat rates. The rate of GSU is market-based and at any time in alignment with all fiat and cryptocurrencies.
UNIT
U
We plan to provide new opportunities for crypto market trading, lending, and transacting with GSUc and to serve the existing DeFi ecosystem with provable stability applied in prediction markets, stablecoin arbitrage, or hedging against volatile markets by holding or through saving vaults.
WHY?
GSU Protocol is the CDP lending protocol for the Global Stability Unit. It allows users to perform the issuance of GSU coins (GSUc) based on their own collateral provided, not via algorithmic issuance. All GSUcoins are at any time fully backed. It aims to lift the sustainable scalability limits of the existing stablecoin market ecosystem and beyond.
Due to its nature GSU exchange rate is more stable because:
It reflects actual underlying economic activities between countries and currencies.
It is not based on direct transactions between two banks, brokers, or exchanges
It is not a rigid currency peg controlled by a central bank
Instead:
It is fully market-based while optimally reducing the volatility and the risk of disorderly exchange-rate movements. It is providing users with better and fair stability.
HOW?
We have built a fork of the Maker protocol, chosen due to its robustness and stability. The protocol has been battle tested for past 4+ years countless times and watching it prevail proved many with its resiliency.
By following the footsteps of DeFi leaders that has helped to pave the way of stablecoins sustainably, we can initially contribute with the innovation on the forefront of exchange rates.
We distribute ¤GSUc stablecoin through an overcollateralised debt position of diverse and quality crypto assets. Each of the vault options will have different collateral ratios and stability fees. We will be accepting ETH as an initial collateral option to later explore WBTC as well as USD pegged stablecoins.
