BabelFish Project Introduction, Team, Financing and News

Performances

RD Popularity Index

2513.64% (24h)

0100200300400500

Project Rank: 6579/15432

RD Growth Index

310.51% (24h)

0400800120016002000

Project Rank: 7337/15432

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Details

BabelFish's objective is to aggregate and distribute stablecoins, enhance flow, and push hyperBitcoinization. The team at BabelFish developed XUSD, a meta-stablecoin that aggregates, bridges and distributes stablecoins 1:1 across networks. It will also soon lend the collateral in blue chip protocols (e.g. Aave, Compound) to earn yield through a user savings product and lend a percentage of the protocol's collateral. The interest from lending protocol collateral will be used to purchase a Bitcoin insurance pool and reward FISH stakers on RSK.

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Ecosystem(1):

Founded:

2021

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