My first video about
@basedRWA is online. This is the protocol deep dive, not meant for endusers who just want to use
#RWAs. (there will be another video about that part later)
Thanks again to basedAssets for providing me access to the Contracts. Helped me a lot to clarify open topics. 🙏🙏🙏
It is a dual forge (they call their vaults "forges") system that allows to create (mint) fully decentralized RealWorldAssets (bAssets) and also includes a fully decentralized stablecoin (bUSD).
With
$USDC,
$cbBTC and
$wETH as collateral, they go for the safe bet on solid collateral on
@base .
One main topic with decentralized
#RWA systems is how they keep the prices stable. For that they created a StabilityModule with seperate functionality for bUSD and bAssets. Effectively giving the bAssets room to anticipates moves during off hours but at the same ensuring "eventual price stability" once a week.
Within the system, all values are oracle based. Leveraging the power of
@PythNetwork for true
#DeFi
More details in the video 👇👇👇