Thursday, June 1, 2023

USK: Kujira's stable coin

Hey, folks!

On @TeamKujira Ghost, lent $USK is earning 14% APR. 


HOWTO get $USK?

One way is to MINT to from collateral.

Say you have $DOT. You go to BLUE, provide the $DOT collateral then MINT the $USK


Here's the $DOT minter

You can mint from $ARB, $ATOM, $stATOM, $BNB, $DOT, $ETH, $LUNA, $stOSMO, and $gPAXG.

I do the same thing for $wBNB, minting $USK from $wBNB collateral, then I take that $USK and lend it to Ghost.




I'm now earning 14% APR on Ghost from $USK that I minted at 1% mint-rate-per-annum, with a net 13% APR.

Find THAT at a bank, huh? 

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