Jump to content

Kava Labs is Developing Ripple's XRP Collaterised Stablecoin


Recommended Posts

1 hour ago, yxxyun said:


Well, it's built on Tendermint Cosmos, I wonder why not on XRP ledger?

Try here instead 


Or here. This might help to better understand their reasoning for using Tendermint. 


Edited by Guest
Added additional resource
Link to comment
Share on other sites

57 minutes ago, LiquidGoat said:

I mean this is awesome right? If they print 3 billion usdx then they will need to hold the same value XRP as collateral right?


we need a usdx printing press if that’s true.

If we have xrp can we participate in the POS? That might be interesting. 

Link to comment
Share on other sites

very interesting concept... just broke my brain trying to visualize how this works


The stablecoin is pegged to a USD and collaterised with Ripple’s XRP.

The USDX appears like the MakerDao, however, it is built on Cosmos, a new blockchain protocol that makes use of Tendermint BFT for consensus. It also has a hub-and-spoke model of cross-blockchain interoperability that emphasizes composability and self-sovereignty of application specific blockchains.

that's some massively complex financial shenanigans

Link to comment
Share on other sites

  • 1 month later...
On 5/17/2019 at 5:04 AM, Guest said:

Looks like that github link is no longer active.

Link to comment
Share on other sites

  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...