Article Summary, Automatically Generated By AI
Summary of USD Open Dollar
- USDO is a multi-collateral backed stablecoin by OpenDAO.
- It scales the multi-collateral and overcollateralized philosophy of DAI to support a growing list of crypto and real-world assets in a permissionless manner.
- Minters can participate in all stages of the minting lifecycle, including staking assets and liquidity farming.
- New applications of USDO are added regularly.
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About USD Open Dollar (OUS)
Introducing USDO (USD Open Dollar), a cutting-edge, multi-collateral backed stablecoin pioneered by OpenDAO.
USDO adopts the multi-collateral and over-collateralized philosophy of DAI, and elevates it to accommodate a perpetually expanding list of collateral, encompassing both crypto and real-world assets, in a decentralized and permissionless manner.
While USDO’s purpose is straightforward, its ecosystem is multifaceted and profound. Minters can engage in every phase of the minting lifecycle, from staking their assets to liquidity farming, with new applications of USDO being continually added.