Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Digital Reserve – innovative DeFi platform to hedge inflation risks

CryptocurrencyMar 02, 2021 08:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Digital Reserve – innovative DeFi platform to hedge inflation risks

Unprecedented rates of dollar production injected directly into the global economy have left many searching for a safe place to park their funds. Stocks and property are considered overvalued, and gold’s true value distorted by derivatives.

Accordingly, many are now looking towards cryptocurrencies. Once a fringe asset class, the innovation in the space has reached a point attractive enough to traditional money flows. Yet, for the non-initiated, accessing the swirling seas of digital assets can be a daunting experience.

Enter the Digital Reserve
The Digital Reserve is a DeFi platform built on the Ethereum blockchain, and an exclusive part of the Digital Reserve Currency (DRC) ecosystem. By depositing the native currency DRC into the Digital Reserve, users gain instant and secure exposure to a curated basket of Store of Value assets.

The platform instantly transfers user’s DRC funds into holdings of Bitcoin, tokenized Gold, Ethereum or tokenized and interest-bearing USD*. Depending on a user’s risk aversion, they can choose to hold more conservative allocations or those with a potentially higher yield. The user’s deposited USD value is recorded and represented by a proof of deposit (PoD) - also minted onto the blockchain. This PoD carries with it the value of the associated deposit and thus can be used as collateral for lending in the near future.

The Digital Reserve smart contract has been audited by a reputable blockchain development firm with no critical or serious issues found.

*current allocations. Further Digital Reserve Vaults allocations are to be decided by the DRC community through democratic governance proposals, powered by on-chain voting mechanics.

What is DRC?
Digital Reserve Currency (DRC) is designed as a potential digital store of value. 100% of the 1 billion total supply of DRC has been issued directly to the market and hence is deflationary. The Digital Reserve Currency (DRC) ecosystem is community-controlled; an entirely decentralized governance structure and no managerial efforts cement DRC’s regulatory compliance.

With no token sale and no central authority, manipulation of DRC ecosystem is not possible. DRC token is the exclusive key to the Digital Reserve Vaults; the only access to DeFi’s most decentralized capital preservation ecosystem. Users who wish to get access to the Digital Reserve platform, can instantly buy Digital Reserve Currency (DRC) on the Uniswap exchange.

Ethereum blockchain supports the highest performing Decentralized Finance (DeFi) protocols. Whilst Bitcoin is currently perceived as a digital store of value, the exploding cryptocurrency space needs alternatives. Built on the Ethereum blockchain, Digital Reserve Currency (DRC) offers those with foresight early exposure to a potential digital store of value for institutions and the masses alike.

Continue reading on BTC Peers

Digital Reserve – innovative DeFi platform to hedge inflation risks
 

Related Articles

US Senate votes to confirm Gary Gensler as SEC chair
US Senate votes to confirm Gary Gensler as SEC chair By Cointelegraph - Apr 14, 2021

Voting mostly along party lines, the U.S. Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC. In a vote of 53-45 today, the...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email