USDO is a “Special Coin” built on the ONUS Chain ecosystem platform. This is a special project with increasing value according to the development of the ONUS Chain ecosystem, with the orientation to become “Better than stablecoin”.
USDO brings users a lot of potential in accumulating assets, promising to become one of the products that bring many opportunities for users of the ONUS Chain ecosystem.
How USDO works:
To generate (mint) USDO, users need to lock BUSD to receive USDO at the rate of 1:1, according to the ratio of total collateral to the total amount of USDO in circulation at the time of minting. Currently, the collateral for the value of USDO is 100% BUSD, and there is no fee for users to mint USDO.
Conversely, users can exchange USDO to receive back BUSD (Redeem) according to the ratio of the total collateral and the amount of USDO in circulation, with a redemption fee of 0.5% of the total trading volume.
With this mechanism, USDO has the following characteristics: