It’s a pleasure bringing good news to the community: USDB stablecoin is ready! Starting today, USDB ($USDB) is ready in the Incognito Android and iOS apps. Both communities can now privately send, receive, or store pUSDB (the private version of USDB).
We are over-excited to form the partnership between FantOHM and Incognito in bringing privacy back to Crypto Asset. In this case, turning $USDB into $pUSDB is the stepping stone for the collaboration. Besides, the USDB/ PRV pool will be soon available thanks to the on-time support from FantOHM’s coreteam to bootstrap it.
USDB is the number-one stable coin pool on Beethoven-X, a decentralized investment platform on Fantom Network with compounded yields as high as over 50% APR. Now, investors can truly benefit from higher-yield decentralized finance opportunities for passive income.
The yields of the liquidity pool (LP) of “USDB / Any Crypto Asset” are among the most attractive in the Incognito Reward Ecosystem recently, which is suitable for passive income seekers. Additionally, on Reaper Farm and Beluga, investors can earn yields on top of yields, exponentially increasing the rewards to achieve financial freedom sooner.
When USDB rises above $1 in value, a bond is offered to purchase USDB with DAI at a $1 per USDB valuation instantly. DAI is then deposited to FHM’s treasury and investors get USDB that can then be swapped for other stables or assets in a DEX. You can read more about the balancing mechanism
For investors who do not yet own USDB stable coin, just simply swap a token of choice on Incognito or any exchange support USDB. Then, visit the the liquidity pool section on Incognito App to provide liquidity & earn reward.
It’s time we downloaded the Incognito wallet, then start shielding $USDB to buy, sell, send, receive, store or swap your favorite Crypto Asset.