The GSU Protocol project presents us with a stablecoin-related solution that aims to remove the persistent scalability limitations of the existing stablecoin market. Feel free to read 🔰
1. What is GSU Protocol
2. Tokenomics & Roadmap
3. Testnet
4. Unlock POAP & Roles
5. Conclusion
1. What is GSU Protocol
GSU Protocol is the CDP lending protocol for Global Stable Unit (GSU). It allows users to perform the issuance of GSU coins (GSUc) based on collateral provided. Is built from a fork of Maker Protocol due to its robustness and stability. GSU Protocol’s team aim is to distribute $GSUc stablecoin through an overcollateralized debt position of diverse crypto assets.
2. Tokenomics & Roadmap
You can check out the white paper of the project here
3. Testnet
To perform tasks on their site, we need to have at least 0.8-1gETH on the Goerli testnet network. If you do not have test tokens, use facuet from the links below & paste wallet adress ⬇️⬇️
We can also enlist the help of the GSU Protocol team by contacting them via Twitter
If we have obtained the necessary tokens, we go to the testnet page ⬇️⬇️
-
Enter gsucoin.app & connect wallet ( make sure its Goerli testnet network)
-
add GSUc token => 0x252D98faB648203AA33310721bBbDdfA8F1b6587
-
Move to ‘‘ Borrow ‘‘ page
Setting up Smart Proxy
- Click ‘‘ Borrow ‘‘ & Sign message => Mark Terms of Service ‘‘ Continue ‘‘
Creating Vaults
- Type 0.8+ gETH ( at least 520 $GSUc needs to be generate) => Confirm transaction & Create Vault
Generating $GSUc
-
Move to ‘‘ My Possitions ‘‘ => Menage Valut ( swap to GSUc )
-
Click ‘‘ Generate ’’ & Paste 520 $GSUc => Confirm Transaction
Repaying $GSUc
- Choose ‘‘ Payback ’’ & Paste 20 $GSUc => Confirm Transaction
4. Unlock POAP & Roles
To receive a POAP for the testnet performed, go to their Discord & Submit feedback on #report-a-bug or #feedback channel.
We can also unlock all available roles => enter their Guild ⬇️⬇️
There is also an action to perform on their Twitter, follow the instructions in the post✔️
5.Conclusion
We all know the important role of stablecoins, in which we safely store our funds. Realities are constantly changing, especially in the world of cryptocurrencies, the project described in this article certainly worth your attention and further follow up.
Congrats pirates 🎉
Looking for alpha projects? Join our Community on Guild.xyz, we hunt daily 🏴☠️: With our Collect & Earn Program, we share the revenue generated by every sold-out article with our beloved collectors on Discord.
🏠 Link3: Link3.to/AirdropsCaptain
💬 Discord: discord/AirdropsCaptain
🍃 Lens: airdropscaptain.lens
🏰 Guild: guild.xyz/airdropscaptain