USDC arrives on the Bitcoin SV blockchain

https://en.cryptonomist.ch/2020/09/23/usdc-on-bitcoin-sv-blockchain/
USDC Bitcoin SV

Run On Bitcoin, a protocol that allows tokens to be created on Bitcoin SV (BSV), analogous to the ERC20 standard, has announced that USDC will arrive on this blockchain through a close partnership with RelayX. 

A couple of months ago a project was launched, in alpha version, which allows creating tokens on the Bitcoin SV blockchain, following almost the same procedure for the creation of the famous ERC20. 

This new asset will exploit the RUN version, v.0.6, and will take the name USDC (RUN-SV) precisely to indicate the type of token that runs on the Bitcoin SV blockchain. 

This represents the first stablecoin of this blockchain, paving the way for a new trend, both for tokens and for a well-known and famous stablecoin such as USDC.

USDC on Bitcoin SV 

In order to receive these new assets, a dedicated token swap platform can be used to convert BSV to USDC (RUN-SV) and vice versa.

It is interesting to note that the platform already includes the possibility of creating liquidity pools. 

It therefore seems that decentralized finance (DeFi) is taking its first steps on the Bitcoin SV blockchain thanks to a stablecoin, an undisputed landmark in this sector.

Other tokens will surely be added since there are so many sectors in which to operate and it is only a matter of time before we see the birth of a decentralized exchange (DEX), other stablecoins and so on.

The latest news about Bitcoin SV

Recently this blockchain has expanded its functions thanks to the Bico.Media service, which allows loading any type of format without any limits. 

In practice, Bitcoin SV can thus serve as decentralized storage for uploading data and digital content.

In addition, at the end of August BSV landed on the Emirex exchange where the BSV/USDT and BSV/EUR pairs were added.

 

 

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A guide to the EOSDT stablecoin

https://en.cryptonomist.ch/2020/05/16/guide-eosdt-stablecoin/
stablecoin EOSDT

 The EOS blockchain didn’t stand by and watch while the Ethereum blockchain became a reference point for decentralized finance (DeFi), hence the creation of the EOSDT stablecoin, similar to DAI, albeit with much lower volumes. 

This guide will demonstrate how to buy the EOSDT stablecoin. To do so we will need an EOS account, a Scatter wallet with some EOS, or bitcoin (BTC) as recently Equilibrium, which leads the project, has integrated the pTokens protocol with the pBTC token that replicates BTC on the blockchain of Block.one.

First of all, to buy this stablecoin it is necessary to run Scatter and connect to the Equilibrium platform, going to the EOSDT section and choosing which collateral we want to use, whether EOS or BTC.

screenshot EOSDT

As can be seen, in order to create the token we have to tell the system how much EOS or BTC we want to lock and choose how much to withdraw in EOSDT with a minimum rate of 130%.

It is advisable not to decrease the liquidation price keeping in mind the minimum values reached by the asset, so as to avoid that the positions are closed too quickly, should the liquidation price be set too high.

After setting our preferred parameters we will have to click on “Create position” and confirm the transaction with the Scatter wallet. Using BTC instead we will have to send the respective BTC to the address that will be shown and as soon as the transaction is completed we will receive our EOSDT.

 If we want to close our positions then we will have to pay a 1% fee (annual fee), via the NUT token (Native Utility Token) or in the same EOSDT stablecoin.

It is interesting to note that if we lock EOS in the system we will have an APR of 2.4%, while for BTC we won’t have any APR, at least for the moment; moreover, with NUT tokens – which can be considered as governance tokens – a high APR is granted if we stake and vote for BPs: currently 1 NUT is worth around $24 and we need at least 2 NUT to stake and vote for BPs.

Finally, with this stablecoin, it is possible to buy other tokens and trade for higher-margin without spending EOS or BTC.

 

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