Asymmetry Partners with Ampleforth and Paid Network to Launch afUSD
Asymmetry Finance, a liquidity collateralized derivative agreement, is launching a fully on-chain synthetic US dollar, afUSD, with a flexible supply based on market conditions, through partnerships with stablecoin project Ampleforth and decentralized application Paid Network. It is reported that the algorithmic stablecoin uses Ampleforth's adjustment mechanism to control token supply at a specific price, and according to Asymmetry, its elastic model can protect its stablecoin from financial pressures in the real world.
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