Arthur Hayes suggests Bitcoin-supported StableCoin Nakadollar

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Von Krypto News Österreich

Arthur Hayes, der Mitbegründer der Handelsplattform für Kryptowährungsderivate BitMEX, hat eine neue Art von Stablecoin, NakaDollar (NUSD), vorgeschlagen, die durch Bitcoin (BTC) und Bitcoin-Derivate gedeckt wäre. Hayes bemerkte in a Blogeintrag dass, im Gegensatz zu einer Mehrheit der bereits existierenden Stablecoins, einschließlich Tether USD (USDT), US DOLLAR Coin (USDC) und Binance USD (BUSD) würde NUSD ohne die Dienste des traditionellen Bankensystems geschaffen. Erstellen von NakaDollar: DAO First Der BitMEX-Mitbegründer erklärte, dass der erste Schritt bei der Entwicklung des NakaDollars darin bestehen würde, eine krypto-native dezentrale autonome Organisation (DAO) zu schaffen. Die DAO würde ihr Governance-Token NAKA ausgeben, das im Austausch …
Arthur Hayes, the co-founder of the trading platform for cryptocurrency derivatives Bitmex, has proposed a new type of stablecoin, nakadollar (NUSD), which would be covered by Bitcoin (BTC) and Bitcoin derivatives. Hayes noticed in a blog entry that, in contrast to a majority of the existing stable coins, including Tether USD (USDT), US Dollar Coin (USDC) and Binance USD (BUSD), NUSD would be created without the services of the traditional banking system. Creating Nakadollar: Dao First The Bitmex co-founder explained that the first step in the development of the nakadollar would be to create a crypto-native decentralized autonomous organization (DAO). The DAO would spend your governance token Naka, which is in exchange ... (Symbolbild/KNAT)

Arthur Hayes, the co-founder of the trading platform for cryptocurrency derivatives Bitmex, has suggested a new type of stablecoin, nakadollar (NUSD), which would be covered by Bitcoin (BTC) and Bitcoin derivatives.

Hayes noticed in A blog entry that, in contrast to a majority of the existing stable coins, including Tether USD ( USDT ), US Dollar Coin (USDC) and Binance USD (BUSD) without the services of the traditional banking system created.

Creating Nakadollar: Dao First

The Bitmex co-founder explained that the first step in the development of the Nakadollar would be to create a crypto-native decentralized autonomous organization (DAO).

The DAO would spend your governance token Naka, which would be distributed in exchange for the provision of liquidity in the ecosystem of decentralized finances (defi). The Naka and NusD tokens would be ERC-20 tokens that live in the Ethereum network.

Instead of relying on Fiat entities during the tokenization, NUSD would be supported by centralized crypto derivative exchanges of the members who list liquid inverse perpetual swaps. The owners of the Naka token would vote on operational matters and the distribution of Marvin's net interest rates to the member exchanges.

"We, the crypto believers, have the tools and the organizations that are needed to support nakausd worth 1 trillion USD or more out. If this solution were accepted by dealers and stock exchanges, this would lead to great growth in Bitcoin derivatives, which in turn would create a high level of liquidity", said Hayes.

Elimination of the need for centralized Fiat units

In addition, Hayes referred to the tense relationship between the crypto ecosystem and traditional banks, especially in view of the collapse of Silvergate.

cryptopotato The crypto -friendly bank previously went into the voluntary liquidation . The event could mean problems for existing stable coins that are closely connected to the Fiat banking system.

The Bitmex co-founder believes that the relationship between NUSD, BTC and the inverse perpetual swaps would enable the crypto community to create a USD equivalent without touching the USD kept in banks or stable coins.

"That would help both speculators and hedger.

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