Accordingly, many are now looking towards cryptocurrencies. Once a fringe asset class, the innovation in the space has reached a point attractive enough to traditional money flows. Yet, for the non-initiated, accessing the swirling seas of digital assets can be a daunting experience.
The platform instantly transfers user’s DRC funds into holdings of Bitcoin, tokenized Gold, Ethereum or tokenized and interest-bearing USD*. Depending on a user’s risk aversion, they can choose to hold more conservative allocations or those with a potentially higher yield. The user’s deposited USD value is recorded and represented by a proof of deposit (PoD) – also minted onto the blockchain. This PoD carries with it the value of the associated deposit and thus can be used as collateral for lending in the near future.
The Digital Reserve smart contract has been audited by a reputable blockchain development firm with no critical or serious issues found.
*current allocations. Further Digital Reserve Vaults allocations are to be decided by the DRC community through democratic governance proposals, powered by on-chain voting mechanics.
With no token sale and no central authority, manipulation of DRC ecosystem is not possible. DRC token is the exclusive key to the Digital Reserve Vaults; the only access to DeFi’s most decentralized capital preservation ecosystem. Users who wish to get access to the Digital Reserve platform, can instantly buy Digital Reserve Currency (DRC) on the Uniswap exchange.
Ethereum blockchain supports the highest performing Decentralized Finance (DeFi) protocols. Whilst Bitcoin is currently perceived as a digital store of value, the exploding cryptocurrency space needs alternatives. Built on the Ethereum blockchain, Digital Reserve Currency (DRC) offers those with foresight early exposure to a potential digital store of value for institutions and the masses alike.
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Source: Cryptocurrency - investing.com
