A major leap forward at ProteoDefi: Introducing ProUSD Stablecoin and our new lending system!

Over the past few months, we have been working intensely on what we believe will be one of the most exciting advancements for ProteoDeFi. During this period of silence, we didn’t stop; on the contrary, we prepared ourselves to take our ecosystem to a whole new level.

Today, we can finally share with you what we’ve been building: ProUSD, our new native stablecoin, 100% backed by other stablecoins, and the Lending system, which promises to revolutionize liquidity access on MultiversX.

As we approach the end of this year, it’s shaping up to be a key moment for stablecoins within the MultiversX ecosystem, and once again, ProteoDeFi is ready to lead the way. We aim to offer a stablecoin that is secure, transparent, and provides multiple opportunities to generate value for all our users. But we’re not stopping there. We know that a complete ecosystem requires more than just a stablecoin. That’s why Lending will be the perfect complement, allowing active communities to use key tokens as collateral to borrow ProUSD, creating new opportunities and utilities.

What is ProUSD?

ProUSD is more than just a stablecoin. It’s a financial tool offering stability and security in the volatile world of cryptocurrencies. Being 100% backed by other stablecoins like USDC, USDT, and USH, ProUSD ensures that your capital is protected and working for you. Each ProUSD is designed to maintain its stable value while generating income by participating in DeFi products within MultiversX.

We have designed ProUSD with trust and transparency in mind. The entire minting process (creation of ProUSD) is clear and controlled, and you will be able to see in real-time how your funds are backed by other stablecoins, providing an additional layer of security that few stablecoins offer.

Your ProUSD will generate benefits from day one, whether by creating LPs against USDC, farming them in a ProUSD farm on ProteoDeFi, or using them in the lending system.

Lending: The Perfect Complement to ProUSD

But that’s not all. With the Lending system, we want to offer you more than just a stablecoin. We want your money to work for you. Through our lending system, you can use ProUSD by placing it in the Borrow Vault, where users will borrow these ProUSD, allowing active communities and users to access liquidity efficiently and securely. The ProUSD you deposit will generate interest from day one.

With this new system, users will be able to use tokens like sProteo and other ones as collateral and receive ProUSD as a loan, all within a controlled and flexible environment. Imagine the possibilities: your tokens can keep working while you access the liquidity you need without having to sell them.

Additionally, we have designed this system to reward both borrowers and liquidity providers, helping the ecosystem continue to grow and offering more value to every user.

What’s Next?

We know this is a lot of information, but we want you to be part of this exciting journey. Over the coming weeks, we will be revealing more details about the ProUSD stablecoin, its security, minting process, and all the opportunities it will offer. We’ll also dive deeper into how Lending will work and how you can make the most of it.

This is just the beginning of what will be a year-end packed with exciting developments for the DeFi ecosystem on MultiversX, and at ProteoDeFi, we are proud to be leading the way.

#MakeProteoGreatAgain