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/biz/ - Business & Finance

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28179978 No.28179978 [Reply] [Original]

Marketcap: 5 million
TVL: 78 million
Partners: REN, UMA, OCEAN, DSD, more to be announced soon (confirmed on telegram).

>What is it?

OpenDAO serves as a bridge between real-world and crypto assets. The goal is to bring more value into the space by providing exposure to real estate, stocks, and more... all in a permissionless and seamless manner. Currently, the protocol is working closely with UMA and Ren to develop new stable coins and in Q1 2021 will release the USDO — a dollar pegged stable coin backed by the world around you: starting with Bitcoin and Ethereum, but rapidly expanding to include other on-chain and off-chain assets. Holders of crypto and traditional assets will be able to mint stablecoins against them, retaining their asset holdings while unlocking more capital to invest, yield farm, or do as they please. There are confirmed additional partnerships in telegram, as well as a sushi stablecoin rumor.

>> No.28180199

stealth accumulation phase, just a matter of time.