Wolex Posted May 17, 2019 Share Posted May 17, 2019 https://todaysgazette.com/kava-labs-is-developing-ripples-xrp-collaterised-stablecoin/ cryptoxrp 1 Link to comment Share on other sites More sharing options...
yxxyun Posted May 17, 2019 Share Posted May 17, 2019 https://github.com/Kava-Labs/usdx/tree/master/spec Well, it's built on Tendermint Cosmos, I wonder why not on XRP ledger? cryptoxrp 1 Link to comment Share on other sites More sharing options...
Guest Posted May 17, 2019 Share Posted May 17, 2019 (edited) 1 hour ago, yxxyun said: https://github.com/Kava-Labs/usdx/tree/master/spec Well, it's built on Tendermint Cosmos, I wonder why not on XRP ledger? Try here instead https://github.com/Kava-Labs/usdx/blob/master/spec/usdx.md Or here. This might help to better understand their reasoning for using Tendermint. https://hackernoon.com/tendermint-explained-bringing-bft-based-pos-to-the-public-blockchain-domain-8e5b0d360fa3 Edited May 17, 2019 by Guest Added additional resource Link to comment Share on other sites More sharing options...
LiquidGoat Posted May 17, 2019 Share Posted May 17, 2019 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. cryptoxrp 1 Link to comment Share on other sites More sharing options...
Guest Posted May 17, 2019 Share Posted May 17, 2019 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 More sharing options...
Guest Posted May 17, 2019 Share Posted May 17, 2019 very interesting concept... just broke my brain trying to visualize how this works Quote 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 More sharing options...
cryptoxrp Posted May 17, 2019 Share Posted May 17, 2019 4 hours ago, Wolex said: https://todaysgazette.com/kava-labs-is-developing-ripples-xrp-collaterised-stablecoin/ I really love the quote at the bottom of the article .. yes I do read them all "“Thus, you’d be able to stream USDX payments with coil without XRP volatility (being USDX backed by XRP itself),” he concluded." VanGogh 1 Link to comment Share on other sites More sharing options...
Guest Posted May 17, 2019 Share Posted May 17, 2019 I think XRP is going to be 'backing' many more 'things' than just stablecoins. Link to comment Share on other sites More sharing options...
Danny Posted May 19, 2019 Share Posted May 19, 2019 Am I wearing a tin foil hat on this one? Link to comment Share on other sites More sharing options...
King34Maine Posted June 22, 2019 Share Posted June 22, 2019 On 5/17/2019 at 5:04 AM, Guest said: Try here instead https://github.com/Kava-Labs/usdx/blob/master/spec/usdx.md Or here. This might help to better understand their reasoning for using Tendermint. https://hackernoon.com/tendermint-explained-bringing-bft-based-pos-to-the-public-blockchain-domain-8e5b0d360fa3 Looks like that github link is no longer active. Link to comment Share on other sites More sharing options...
Guest Posted July 2, 2019 Share Posted July 2, 2019 On 5/17/2019 at 10:04 AM, Guest said: Try here instead https://github.com/Kava-Labs/usdx/blob/master/spec/usdx.md On 6/22/2019 at 2:36 AM, King34Maine said: Looks like that github link is no longer active. aaaaaaaaaand it's gone another failed xrp project? maybe they tried launching on gatehub... Link to comment Share on other sites More sharing options...
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