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:
Quantitative market manipulation
Interest rate manoeuvring
GSU Coin is:
The first crypto to beat all fiat/crypto currencies in price stability.
Blockchain-native. There is no equivalent stable unit in the existing monetary system.
Provided by an experienced team of entrepreneurs, stack builders, marketers, and researchers in tech and blockchain ecosystems.
We are contributing to the joint efforts to bring the best possible price stability at scale to the Ethereum Virtual Machine (EVM) because we believe everyone should have access to monetary stability and transaction efficiency.
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 overcollateralised GSU coins (GSUc) - soft pegged to the GSU rate.
The system continuously monitors changes to the worldwide patterns thereby re-calibrating itself on an ongoing basis so it maintains its stabilizing function. Its target price stability is further supported through sustainable ecosystem incentives.
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.
GSU | Protocol is the CDP lending protocol for Global Stable Unit (GSU). It allows users to perform the issuance of GSU coins (GSUc) based on collateral provided. It aims to lift the sustainable scalability limits of the existing stablecoin market.
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 agreements between banks, brokers or exchanges
It is not a rigid currency-peg controlled by a central bank
It optimally reduces volatility and the risk for disorderly exchange-rate movement
We are building from a fork of Maker protocol 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 giants that has helped to pave the way of stablecoins sustainably, we can initially contribute with the innovation on the forefront of exchange rates.
Our aim is to distribute ¤GSUc stablecoin through an overcollateralised debt position of diverse crypto assets. Each of the vault options will have different collateral ratios based on individual risk assessment. We will be accepting set of collateral options from more traditional tokens to qualified $USD and €EUR pegged stablecoins.
2022 - 2023