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Algorithmic DAO And Stablecoin Launch Reshape DeFi On Radix
HomeNews* ILIS DAO is the first fully algorithmic DAO on Radix, with all decisions handled by smart contracts.
The team recently released Flux, a new stablecoin on Radix. Flux is inspired by Liquity V2, allowing users to deposit different collateral types and generate the stablecoin fUSD. According to the developers, this approach is intended to help maintain a stable value of $1 for each fUSD, using user-set interest rates and decentralized mechanics.
The creator behind Stabilis, known as Octopus, has a background in physics and an interest in self-regulating systems. “Radix first caught my attention after the release of RadFi,” Octopus said, explaining that Radix’s approach addressed some of the main concerns he had about DeFi. He developed Stabilis by first experimenting with the Scrypto programming language, then broadening the concept by applying principles from scientific system design.
As Radix expands its offerings, Stabilis and similar projects are becoming key to establishing new standards in decentralized finance. The goal is to demonstrate that automated protocols can replace the need for manual intervention, potentially leading to greater transparency and security for users.
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