The overall crypto market is still bulling; ETH is inching its way into new all-time highs; DEX volume is booming.
Want to keep yourself up with some new cryptocurrency investment ideas? Let’s review 3 new dapps that are related to stablecoins, BTC and decentralized exchanges respectively.
bDollar ($BDO) is an algorithmic stablecoin running on Binance Smart Chain with completely decentralized on-chain governance.
bDollar is designed with an innovative solution that can adjust its supply deterministically to move the price of the token in the direction of a target price of $1 to bring programmability and interoperability to DeFi.
Inspired by Basis Cash and its predecessors, bDollar Protocol is a multi-token protocol that consists of three tokens:
$BDO, the algorithmic stablecoin.
bDollar Shares, or $sBDO, which holders can claim BDO inflation when the network expands.
bDollar Bonds, or $bBDO, which can be purchased at a discount rate when the network is in contraction and can be redeemed for BDO when the network comes to its deflationary phase and price goes below $1.
Then how bDollar mechanisms works?
When $BDO trades below the $1 target price, token holders can purchase bDollar Bonds with an extra discount and Bonds will be burnt to reduce the circulating supply when users redeem bDollar with a 1:1 ratio. In case of redemption, an amount of $BDO will be minted to equal the bDollar Bonds that have been redeemed. Important to note is that Bonds have no expiry after purchase.
When $BDO price is above the $1 peg, the token supply will have to expand to push it back down to 1$ and the contract will allow the redemption of the bDollar Bonds. When the price of bDollar continues trading above the $1 target price after bond redemption, the contract mints an appropriate amount of new $BDO and this will be distributed to the Boardroom Stakers.
It also has its unique algorithm: The epoch duration is 6 hours. The maximum rebase/expansion amount is 3%. It has no expiry for Bonds.
To participate in the protocol, you can visit the bDollar Banks dashboard, and select your preferred pool. It currently supports BUSD, DAI, CAKE and BFI.
Want to know more about this type of stablecoins? Check more algorithmic stablecoin here: Algorithmic Stablecoins.
Bitcoin Mixer is an exchange to help you get clean Bitcoins from European, Asian, and North American cryptocurrency exchanges.
Bitcoin is pseudo-anonymous. All your transactions are written on the blockchain. Any person can obtain access to the records of Bitcoin transfers from one address to another one.
Bitcoin Mixer can provide you with an opportunity to protect your anonymity.
Its innovative algorithm, Bitcoin Mixer 2.0, is to uplevel anonymity and Bitcoin mixing in comparison with classic mixers. The main advantage is that all the funds returned to you are verified Bitcoins from cryptocurrency exchanges having an undoubtedly positive history. An additional point is that you receive all your Bitcoins in various parts at random time intervals and to different addresses. So it is probably the best anonymization algorithm as of today.
It’s convenient with no registration, no logs. The service does not store logs. All necessary information for transaction processing is deleted right after work completion and transaction confirmation or beyond the expiration of address lifetime for unexecuted requests.
YFX is a decentralized futures trading platform. It provides up to 100x leverage to trade on BTC, ETH and other crypto assets supported by ETH, Tron, BSH and Heco.
YFX is originally built on TRON, and currently supports TRX, USDT and BTC on the TRON blockchain, including coin margined swap, USDT margined swap and other hybrid swaps. What makes it special is that it plans to soon support ETH, USDC, USDT, WBTC and other crypto assets on Ethereum Blockchain. It will also include coin margined swap, USDT margined swap and other hybrid swaps based on ERC-20. What’s more, Binance Smart Chain and Huobi Heco Chain are on their list to be supported soon.
By inventing QIC-AMM, YFX provides high liquidity and low slippage. QIC-AMM stands for Quoted Index price and Constant integral based Automated Market Maker. The trader directly completes the long or short order with the automatic market maker according to the price at QIC-AMM.
QIC-AMM would automatically remove the deviation value of the mistake price.
QIC-AMM use constant integral to calculate the depth of Market Maker Pool and use normal distribution on liquidity provider for the depth of Market Maker Pool, X~N(index price, σ2)
Each trading pair in YFX has a market maker pool, and users' trades and P&L are settled with the market maker pool. Currently YFX charges 0.05% for open and close a position and a 0.1% fee on redemption from Market Maker Pool.
Besides, as a decentralized exchange, YFX requires no email, phone number, or photo ID. No KYC. You can trade 24/7 from anywhere in the world.
Explore more newly-added blockchain products here: What’s New?
You may also like: