$USC is a decentralized, over-collateralized Cosmos-native stablecoin. New tokens are issued through the use of autonomous smart contracts on the Carbon blockchain. $USC is backed by other digital assets that are put up for collateral to mint the $USC tokens, on demand.
Parameters:
The power to propose and implement changes to such variables is granted, through code, to holders of the $SWTH token, that native token of the Carbon Blockchain. Owners of the $SWTH governance token are able to vote on proposed modifications in equal proportion to the amount of tokens they hold.
Carbon users can lock in collateral on the Nitron platform to mint the $USC stablecoin, which can be subsequently redeemed by burning the stablecoin. The value of the collateral locked in the CDP needs to maintain a certain percentage of the stablecoin minted, usually around a 150% collateralized ratio (i.e. over-collateralized). This over-collateralization is important to prevent the CDP from being under-backed during periods of volatility, which may cause the stablecoin to be depegged.
For example, if you deposited $150 worth of ETH for collateral, you can mint 100 $USC
How can I earn $USC? $USC can be earned in two ways:
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