Ethereum Reserve Dollar (ERD), the decentralized lending protocol, launched its USDE stablecoin protocol today following nearly one year of development. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.
DeFi Protocol ERD Launches USDE Stablecoin Protocol Ahead of Mining Campaign
· 4 min read
Team Member of ERD
