- # What is Kokoa Finance KSD, KOKOAKokoa Finance is the first cryptoassetbacked stablecoin platform built for the Klaytn blockchain. - Kokoa Finance is permissonless and entirely onchain, adopting twotoken system: KSD and KOKOA. - KSD is decentralized stablecoin operating by collateralizing cryptoasset, whereas KOKOA is a governance token for KokoaDAO.KokoaDAO is a decentralized organization targeting to manage the sustainability and soundness of the KSD monetary system. - Users can participate in KokoaDAO by staking KOKOA.# What Makes Kokoa Finance UniqueAforementioned, KSD is a cryptocollateralized decentralized stablecoin, provided exclusively by Kokoa Finance. - Using Kokoa Finance, users can borrow KSD stablecoin without paying any nominal cost.Furthermore, Kokoa Finance internally utilizes “Flash Mint” mechanism, allowing users to easily create leveraged positions. - These features contribute to the construction of userfriendly ecosystem, which in turn promote the growth of the entire network.# How are KSD minted and how does KSD maintain its price stabilityKSD is a cryptoassetbacked stablecoin, maintaining its price stability via managing various types of collaterals in vaults, and also charging stability fee. - Collateral Vaults are constantly monitored with price oracles. - Based on the monitoring result, longterm demand and supply of KSD is adjusted thereby conserving its pegging with USD. - Moreover, KokoaFarm Labs has also launched i4i, its StableSwap #DEX of which functionality is expected to be expanded as it combines CryptoPool. - As a consequence, KSD prices can also stay stabilized for some shortterm period.
Summary of the coin Kokoa Stable Dollar
highest price statistics: 1.43 $USD
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Study the exchange market information. Kokoa Stable Dollar
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