Aqua Protocol Roadmap, Read This Explanation

Bittime - Aqua Protocol, a pioneer of decentralized stablecoins on the TON blockchain, is poised to revolutionize the DeFi landscape with its ambitious roadmap.

This article will cover the Aqua Protocol roadmap, trace past achievements, and look forward to future innovations.

What is Aqua Protocol?

Aqua Protocol is a new breakthrough on the Ton blockchain, opening up lending opportunities through the issuance of AquaUSD, a decentralized stablecoin backed by overcollateralization.

Priced 1:1 against the US Dollar, AquaUSD becomes the first stablecoin on the Ton blockchain to provide stability and guaranteed exchange rates.

Also Read How To Buy Crypto: How to Buy BTC

Roadmap Aqua Protocol

Aqua Protocol intends to launch a governance token named “AQUA” that aims to encourage decentralized decision-making in its ecosystem.

Currently, the Aqua Protocol team is designing the economic model for the token, and further details regarding this will be shared once the process is complete.

Also Read How To Buy Crypto: How to Buy BTC

Is AquariUS An Algorithmic Stablecoin?

AquaUSD is not an algorithmic stablecoin. Unlike other stablecoins that rely on algorithms to maintain their value, AquaUSD derives its stability through the collateralization of real assets.

In general, there are three main types of stablecoins, categorized by how they achieve stability:

1. Fiat Guarantee (1:1): This type is pegged to fiat money such as USD with a ratio of 1:1. Each stablecoin unit in circulation has a value equivalent to the underlying fiat currency.
2. Collateral Excess by Crypto Assets (CDP): CDP stablecoins are backed by other crypto assets, but with a collateral value greater than the value of the stablecoin itself. For example, for every 1 dollar of stablecoin, the crypto asset collateral can be up to 2 dollars. AquaUSD falls into this category, with its stability guaranteed through overcollateralization of the cryptocurrency.
3. No Guarantee Algorithm: This stablecoin uses an algorithm to regulate its supply in the market to maintain price stability. They have no collateral for physical or digital assets, and rely on complex mechanisms to maintain their value.

Conclusion

Aqua Protocol exists as an innovative decentralized platform that not only brings stability in the volatile crypto asset market, but also functions as a lending protocol.

The platform focuses on Liquid Staking Tokens (LST), with special attention to TONCOIN and various TONCOIN proof-of-stake based LSTs.

Cara Beli Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way via over. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets at over, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement Bitcoin (BTC) price, Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.