« Back
FortuneDAO Common Prosperity
0 Followers
Follow
  • DeFi

Cronos

Vision
Our goal is to build a platform to provide stablecoins liquidity for swaps. We believe that a stableswap is a vital part of any ecosystem and is also incredibly synergistic with OHM-style protocols. FortuneDAO aims to capitalize on stablecoins liquidity, being the first stableswap on Cronos and the first of its kind stableswap with liquidity seeded from an OHM-style protocol, FortuneDAO.
Description

FortuneDAO is the first decentralized reserve currency protocol available on the Cronos Network based on the FORT token. Each FORT token is backed by a basket of assets (e.g., DAI, USDC, USDT Tokens etc) in the FortuneDAO treasury, giving it an intrinsic value that it cannot fall below. FortuneDAO will also introduce the use of Protocol Owned Liquidity to provide liquidity swap service for stablecoins to mitigate mercenary liquidity mining effect.

    Empty