Paxos

by Paxos

(0)
View Profile

JUST Token

by TRON

(0)
View Profile

Multi-Collateral DAI

by MakerDAO

(0)
View Profile

Paxos

by Paxos

(0)
View Profile

JUST Token

by TRON

(0)
View Profile

Multi-Collateral DAI

by MakerDAO

(0)
View Profile

What problem does this service solve?

Paxos provides a variety of financial trust and custodial services for clients that want to take advantage of the benefits of blockchain, while remaining compliant with legal and regulatory frameworks.The JUST token acts as a stabilizing and governance tool for a collateralized stablecoin built on the TRON network.Multi-Collateral DAI is designed to enable the MakerDAO to offer new types of asset collateral and DeFI services.

Token Stats

Company Description

Paxos is a regulated financial company specializing in providing blockchain trust and custodial services for their clients. Paxos' settlement platform (Bankchain) is designed to be integrated with existing systems and to eliminate settlement risk in the exchange of digital assets. The company created a USD backed stablecoin called PAX, that is built on the Ethereum blockchain, and is meant to assist their clients in converting a variety of assets into digital versions, that can be more easily exchanged on a blockchain.

The JUST token is used as stabilizing mechanism for the JUST network, which is a stablecoin network built on top of the TRON blockchain. TRX token holders can purchase the USDJ stablecoin, which is pegged to the US Dollar through collateralized debt positions. The TRX tokens are held as collateral, and when the user wants to redeem their TRX tokens, they must pay a stability fee using the network's JUST token.

The Multi-Collateral DAI stablecoin uses multiple types of collateral to back its value and an interest rate mechanism to stabilize its price. It is designed to be a digital currency with a stable value. MakerDAO is the decentralized autonomous organization that manages DAI and works to combat its price volatility. Multi-Collateral DAI was launched in November, 2019 and is meant to be a successor to the Single-Collateral DAI, that will eventually be phased out. The new stablecoin will enable new features to the Maker Protocol, such as the the Dai Savings Rate (DSR), as well as additional types of asset collateral.

Ratings

(0)

(0)

(0)