True. That’s why borrowing Bytecash from Circuit requires XCH as collateral.

Sad story what happened to MakerDAO. DeFi in name only these days. Circuit otoh is truly decentralized with permissionless collateral & on-chain enforced governance

𝙳𝚒𝚍 𝙸 𝚎𝚊𝚛𝚗 𝚝𝚑𝚒𝚜? Circuit DAO 🌱

🚀Our community keeps growing: 725 followers on X 425 members on Discord Get ready for mainnet launch by giving our updated documentation a read: docs.circuitdao.com

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Stables + yield on stables are indeed the killer apps of crypto. That’s why we are building Circuit. Get ready for take-off, Chia fam 🌱🚀🚀

Circuit = unstoppable DeFi Built on the most decentralized blockchain Permissionless & censorship-resistant Governed by a true DAO with on-chain enforced voting and implementation of proposals

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We are nearing the launch of our audit contest and bug bounty program! 🐛 Get ahead by of the competition by familiarising yourself with our docs and smart contracts. docs.circuitdao.com github.com/circuitdao/puz…

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Step 1 - XCH as collateral Step 2 - RWAs as collateral thedefiant.io/news/defi/blac…

Great read for getting up to speed on stablecoins!

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🚨 Circuit audit competition launching soon 🚨 Get a head start over other participants by reviewing our smart contracts: github.com/circuitdao/puz… We recently updated our documentation as well: docs.circuitdao.com Reach out to us in case of any questions. Happy to help

Chia fam, as we are nearing our launch, we want to know how you’re planning to use Circuit. First off, borrowing. How much BYC are you planning to borrow? Assume an interest rate of around 5%.

Thanks everyone who responded! Can the $100k+ whales please get in touch. We’d like to understand your requirements and make sure things go smoothly for you from the start.

Poll no. 2: How much BYC are you planning to deposit in savings vaults? Assume the rate paid on savings is around 5%.

👀 - CircuitDAO next?

What are you bullish on? I'm excited about Circuit DAO 🌱 upcoming release 🌱 Seth Jenks upcoming new NFT collection Acevail Splash Terminal quote-post and add yours 🌱🌱🌱