The Cardano ecosystem is growing as it sees a rise in DeFi protocols building decentralized applications. Ardana, an issuer of dUSD, a verifiable on-chain asset-backed stablecoin on Cardano, shall integrate with product suite provided by Optim Finance including Single Asset Vaults, DEX LP Vaults, Staking and lending ops to provide optimized yield generation to users on Cardano.
Stableswap DEXs play a vital part in Optim vault multi-step schemes by supporting some of the most crucial yield chances. Ardana will act as a middleman, allowing users to manufacture and transfer a range of stable assets. Stableswap ecosystems also provide consumers with lower-risk investment alternatives by dramatically reducing temporary loss.
Stablecoins are virtual currencies with a value tied to fiat currencies or other assets. For example, you may purchase tokens pegged to the dollar, euro, yen, gold, and oil. A stablecoin allows the owner to lock in profits and losses and transfer value at a uniform price on peer-to-peer blockchain networks.
A fiat-backed stablecoin is backed by a fiat currency like the US dollar or the British pound. For example, each BUSD is backed by an actual US dollar held as collateral. Users may then use a set rate to convert money for stablecoins and vice versa. If the token price deviates from the underlying fiat, arbitrageurs will quickly return it to the established rate.