How to mint & borrow xUSD stablecoin with gALGO (Governance ALGO) скачать в хорошем качестве

How to mint & borrow xUSD stablecoin with gALGO (Governance ALGO)

gALGO vaults are now live on xBacked! Create a vault with $gALGO from ‪@FolksFinance‬ as collateral so you can mint and borrow xUSD stablecoin. This vault has also incorporated the new Folks Price Feed Oracle, pulling data from 7 sources at 10 seconds updates. This oracle seamlessly tracked price $USDC price during its depegging in March. Excited to be working with ‪@FolksFinance‬ How to mint and borrow xUSD with gALGO: 1. Go to app.xbacked.io 2. Connect your wallet (Pera, Defly, Fireblocks, Exodus, WalletConnect) 3. Deposit your gALGO as collateral and mint/borrow a minimum of 100 xUSD 4. Set your collateral ratio and pay attention to your liquidation price. If the collateral ratio drops below certain % you will get liquidated and lose your gALGO (liquidation threshold currently at 125%) 5. Create vault and monitor your vault health from time to time 6. Go to Pact.fi and put your xUSD to work in the USDC/xUSD stableswap pool gALGO is a wrapped version of ALGO (Algorand) minted by ‪@FolksFinance‬ , allowing users to participate in Algorand Foundation Governance without renouncing their liquidity. Governors who commit their ALGO via Folks Finance will receive an ALGO twin called gALGO, with a 1:1 rate. xBacked is an over-collateralized stablecoin protocol built on Algorand that allows anyone to use cryptocurrency without the volatility. Our decentralized stablecoin xUSD is available now to be minted on the platform, and aims to maintain a stable value of $1 USD backed by a range of crypto assets in the basket. To mint and borrow xUSD on our mainnet: https://app.xbacked.io/ Join our community 🤝 Website: https://www.xbacked.io Twitter:   / xbacked   Discord: https://discord.io/xBacked Youtube: ‪@xbackeddao5701‬ Medium:   / xbacked   Github: https://github.com/xBacked-DAO/ #algorand #defi #stablecoin #xUSD #xBacked