One piece of big news is that jelly swap or WeiDex is working to develop a stablecoin for AE. Or working with other teams to do so. AES.
Are there any specific details?
Thanks for sharing @Josh.chain. Our version of stable coin will be backed by DAI and will use JellySwap as core part.
- It will be a pool of DAI and AES in JellySwap.
- The amount of DAI in the pool will be at least equal to the amount of circulating AES.
- At any time AES holders will be able to move from DAI<>AES and vice versa.
- DAO will be able to mint new AES if they lock DAI in the DAI<>AES pool.
We will try to release a paper on this in the following weeks.
Here’s the summary of the AMA:
@tima_t please let me know if there are any inaccuracies.
AES… could be named DAE
I am not sure about this