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New York, New York–(Newsfile Corp. – April 30, 2021) – The Claim Agreement, a Decentralized Finance (DeFi) service network unveiled recently, creates a new generation of credit-based stablecoin ecosystem that is based on the value of assets across time cycles and characterized by full external coupling and deep liquidity. Claim is more than just a payment agreement – it promises to be a one-stop DeFi service network that can provide users with long-term on-chain credit evaluation, credit financing and asset custody. In the future, users will be able to tap the on-screen “Claim” button to access the diversified world of DeFi. DeFi, which draws inspiration from blockchain and is the technology behind cryptocurrency, influenced the industry most during the first quarter of 2021.

“DeFi, the acronym of Decentralized Finance, was first coined in August 2018 by Brendan Forster, founder and CEO of crypto lending platform Dharma. After more than two years of development, the DeFi ecosystem has emerged in a variety of projects. Many products in the traditional financial system have been re-enacted through blockchain and smart contract technology. DeFi has brought unprecedented changes in the coin circle, among which the algorithmic stablecoin has attracted public attention the most as it has influenced traditional finance in DeFi like no other. At the beginning of 2021, a new algorithmic stablecoin named Basis Cash reached peak popularity with the arrival of the bull market, but it faced confidence crisis due to the defects in their algorithm. Just when the investors thought that the DeFi stablecoin ‘vanished into the crowd’, the emergence of Claim changed the public perception all over”, said Seraphima Verkhovtceva, the CMO of Claim during a recent press conference.

CLAIM
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“The Claim protocol we developed allows users to pledge assets they hold and generate a stablecurrency called $CUSD. According to the agreement, users will deposit assets and allocate funds through the income aggregation platform to form investment income. The income of these assets investment will be the value support of the ecological credit system of Claim. In this mode, the funds deposited by users can not only be used as collateral to obtain the stablecurrency $CUSD for financing, but users also enjoy the credit leverage formed by the expected returns of assets, which greatly improves the utilization efficiency of assets,” said Dmitry Malyanov, the CEO of the AI and blockchain innovation company.

“The economic model of Claim agreement is a dual token economic system. In order to ensure the value anchorage and payment ability of the credit stablecurrency $CUSD, the team only supports DAI, USDC, USDT, ALUSD and DOLA as the agreement pledge assets in the early stage. $CUSD will be cast in a ratio of 1:1 after the user deposits the 5 kinds of stable coins – DAI, USDC, USDT, ALUSD and DOLA. After that, users can exchange the $CUSD they hold at any time in a 1:1 ratio through the protocol without loss for the above five stable coins,” Malyanov added.

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$CUSD is a utility stablecoin created by the Claim Agreement as the asset of the tokens in circulation by the users participating in the pledge agreement. The Claim is a token for protocol functionality iteration, parameter tuning, and community governance for DAO or Decentralized Autonomous Organization Treasure Asset Management. The total issue of Claim is USD 100 million.

“We will follow the DAO concept, with the community fully in charge of the platform’s evolution. As a DeFi project that originated in the community and is based on serving the community ecology, the protocol governance of Claim will rely on the community DAO governance model to the greatest extent. All holders of $CLAIM can participate in the governance of the agreement and express their opinions and claims in full,” Malyanov was quoted.

Official Website: https://claim.xyz​
Twitter: https://twitter.com/claimdotxyz
Medium: https://medium.com/@claimfinance​
Telegram group: https://t.me/claimofficialcommunity

Contact:
Claim
Dmitry Malyanov
[email protected]
https://app.claim.xyz

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82513

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