Currently available for voting on the DOT DAO governance platform is a new referendum introducing dotUSD, which aims to be a protocol-native stablecoin designed specifically for Polkadot.
Various participants from throughout the Polkadot ecosystem worked together to draft this initiative. It was subsequently introduced to OpenGov through the Polkadot Community Foundation. The involvement of PCF is strictly confined to presenting the measure for a public community vote. As such, PCF will not deploy, operate, control, or custody dotUSD.
The suggested rollout strategy is divided into distinct stages. It begins with an introductory phase where the asset is backed by stablecoins. Afterward, the project aims to transition into a DOT-collateralized vault phase, although this subsequent step remains subject to ongoing development and future governance approvals.
Decisions regarding the implementation of dotUSD are currently in the hands of the DOT DAO. We warmly invite you to read the comprehensive document and cast your vote at the following link: https://polkadot.subsquare.io/referenda/1944
Various participants from throughout the Polkadot ecosystem worked together to draft this initiative. It was subsequently introduced to OpenGov through the Polkadot Community Foundation. The involvement of PCF is strictly confined to presenting the measure for a public community vote. As such, PCF will not deploy, operate, control, or custody dotUSD.
The suggested rollout strategy is divided into distinct stages. It begins with an introductory phase where the asset is backed by stablecoins. Afterward, the project aims to transition into a DOT-collateralized vault phase, although this subsequent step remains subject to ongoing development and future governance approvals.
Decisions regarding the implementation of dotUSD are currently in the hands of the DOT DAO. We warmly invite you to read the comprehensive document and cast your vote at the following link: https://polkadot.subsquare.io/referenda/1944
