Introducing the PIZZA — USDE
PIZZA — USDE is an EOS based two-token stablecoin system. The system issues stablecoin (USDE) by collateralizing crypto assets. With excess collateral and deployment of different smart contracts, the system neutralizes the potential risks from market fluctuations and allows the stablecoin 1:1 pegged to USD.
USDE
The USDE is issued by everyday users who collateralize crypto assets with proper collateralization rates and thereby create CDPs (Collateralized Debt Positions).
USDE Issuers enjoy the collateralization rewards (in PIZZA token) that the system provides, gain profits by selling USDE to the OTC markets or simply spend USDE and acquire extra liquidity.
The EOS Liquidation Smart Contract will be triggered once the Collateralization Rate of a CDP is lower than the required minimum collateralization rate (the minimum Collateralization Rate is 150%) during market fluctuations. In the early stage, the system will utilize a pre-deposited USDE pool (also collateral backed) as the counterparty during a liquidation to keep the stability of USDE.
PIZZA Token
The system provides collateralization rewards to CDP holders with PIZZA token to strengthen the overall system stability.
PIZZA token holders vote for a management council who will be in charge with various system parameters, such as commissions, issuer awards, collateralization rate.
An EOS Based Stablecoin System
To avoid network congestion problems, PIZZA — USDE chooses EOS, the best performance public chain at this moment, as the development platform. Besides, the high performance and the great real-time transaction demands derived from the high performance are expected to significantly benefit the future scalability and the product iterations of PIZZA — USDE Stablecoin System.
Advantages of PIZZA — USDE
· Stability. The stablecoin is 1:1 pegged to USD. With excess collateral and the deployment of different smart contracts, the system neutralizes the potential risks from market fluctuations.
· High performance, scalability, and upgradeable contracts. EOS platform promises the project with high efficiency and real-time settlements. The fast developing ecosystem and the upgradeable contracts are keys for active iterations that suit users’ needs.
· Decentralized distribution. The USDE is issued by collateralizing crypto assets.
· Community governance. Gradually, the system opens the source code and truly becomes a project of the community and for the community. PIZZA tokens, which is the governance token, will be distributed in the ways of airdrop, mining, and possibly open marketing selling.
On May 1, 2019, PIZZA — USDE Stablecoin System went live. Generate your USDE here: https://pizza.live/generate
Website: https://pizza.live/
E-mail: team@pizza.live
Telegram: https://t.me/PizzaUSDE
Twitter: https://twitter.com/usdeos
Medium: https://medium.com/@PIZZA.USDE
