LITENTRY PARTNERS WITH STANDARD PROTOCOL.
Litentry is happy to announce their collaboration with Standard Protocol — a collateralized Rebasable Stablecoins (CRS) protocol. They will work together to improve the IDO whitelist selection process to ensure fairness and decentralization.
About Standard Protocol
Standard Protocol is the first Collateralized Rebasable Stablecoins(CRS) protocol for synthetic assets, and will operate in the Polkadot ecosystem. It introduces a new paradigm for liquidity aggregation. In contrast to the previous generation of algorithmic stablecoins, Standard introduces collateralization in the protocol in order to provide a more reliable peg on top of its algorithm. It will act as the catalyst for the financial activities of other para-chains to enable leveraged trading and arbitrage via a built-in AMM. It will also include a protocol for synthetic asset markets by way of a decentralized oracle.
About Litentry
Litentry is a cross-chance Decentralized Identity (DID) Aggregator that enables the linking of user identities among multiple decentralized networks. Built on the Substrate framework and featuring a DID indexing protocol, Litentry provides a decentralized, verifiable identity aggregation service that removes the redundancy of code and the hassles involved in resolving agnostic DID mechanisms. Litentry’s DID Aggregator is compatible with all DID standards, and powered by a reliable DID data interface. Everyone can build and submit DID methods to Litentry, making identity data easily accessible in the Web3.0.
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