If you haven’t heard about Daiquilibrium (DAIQ) yet, here is a summary:
DAIQ is an algorithmic stablecoin forked from code written by the Empty Set Dollar (ESD) and Dynamic Det Dollar (DSD) devs. We have implemented a few custom features with original code, as well as redesigned the bootstrapping method to give everyone the opportunity to buy at the same price, maximally reflexive to demand.
DAIQ has fixed several problems compared to previous algorithmic stablecoins:
- New Coupon System that’s upgraded and refined to include a custom expiry period with several different risk profiles.
- Dynamic Epoch duration that varies between 30 minutes and 2 hours.
- A $1.3M DAI deposit into the Yearn Vault, done by submitting a multi-sig transaction approved by the treasury
- The DAIQ coin price is pegged to the value of DAI using a dynamic and interactive ecosystem to consistently stabilize it.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
