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CuraDAI - A DeFI based stable coin for Curaçao


916 DAI



1,389 DAI
69 contributors

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Next update : 1 month, 3 weeks ago | Last updated : 1 month, 3 weeks ago


{"ops":[{"attributes":{"italic":true},"insert":"CuraDAI is a DeFI based digital currency that serves as a (better) alternative to the local currency of "},{"attributes":{"italic":true,"link":"https://en.wikipedia.org/wiki/Cura%C3%A7ao"},"insert":"Curaçao"},{"attributes":{"italic":true},"insert":", a small Caribbean island just north of Venezuela.  "},{"insert":"\n\n"},{"attributes":{"bold":true},"insert":"Current Situation"},{"insert":"\nThe local currency, Netherlands Antillean guilder, is pegged to the price of United States dollars. This peg has many benefits, such as stable prices and volume, but also has some downsides. For example, all international transactions need to pass through an American correspondent bank. Besides adding extra costs and duration to the transactions the correspondent banks can also limit the local banks in their ability to process financial transactions. A result of this is the fact that it's near impossible to purchase or sell cryptocurrency from a local bank account.\n\nFor a more detailed overview please take a look at the CuraDAI Slidedeck.\n\n"},{"attributes":{"bold":true},"insert":"CuraDAI"},{"insert":"\nWe've first hand experienced the opportunities the Ethereum and DAI ecosystem provides and want to give this power to the local population. Therefore we're creating a "},{"attributes":{"bold":true},"insert":"version of DAI that leverages the DeFI ecosystem while tailoring to the local needs of Curaçao."},{"insert":"\n\n"},{"attributes":{"italic":true},"insert":"CuraDAI has the same unit of account as the local currency, is 100% backed by DAI and will enable digital p2p transactions opening up many new markets on the island."},{"insert":"\n\nPlay around with the working prototype "},{"attributes":{"link":"https://curadai.curadao.io/"},"insert":"here"},{"insert":" and get yourself some CuraDAI 🏝️\n\nOnce we reach a tipping point with CuraDAO (around 1000 users) we will start "},{"attributes":{"bold":true},"insert":"document the entire process of building, launching and promoting CuraDAI."},{"insert":" This would enable any other dollar backed currency (there are "},{"attributes":{"link":"https://www1.oanda.com/currency/iso-currency-codes/USD"},"insert":"over 20 currencies"},{"insert":" pegged to the dollar!) to replicate CuraDAI for their own country."},{"attributes":{"bold":true},"insert":" "},{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"fair, efficient, and digital financial transactions for all!"},{"insert":"\n\n"},{"attributes":{"bold":true},"insert":">> "},{"attributes":{"bold":true,"link":"https://gitcoin.co/grants/558/curadao-covid-19-campaign-remote-thriving"},"insert":"CuraDAO COVID-19 Gitcoin Campaign "},{"attributes":{"bold":true},"insert":"<<"},{"insert":"\n\n"},{"attributes":{"bold":true},"insert":"CuraDAO"},{"insert":"\nCuraDAI is connected to "},{"attributes":{"link":"https://curadao.io/"},"insert":"CuraDAO"},{"insert":", a social-impact DAO on the island. Every time an individual uses the CuraDAI contract, to lock DAI and mint CuraDAI, a small fee (spread between the buy & sell price) is "},{"attributes":{"link":"https://etherscan.io/address/0x0b93ba560283350d4216f29dc57e15df38d0eace"},"insert":"sent directly to the CuraDAO"},{"insert":" as a contribution to the island.\n\nPlease consider helping us build a DeFi based alternative to small nation currencies that are pegged to the dollar and empower a population of 160.000 to do business digitally and gain access to the opportunities of the DeFI space.\n\n"},{"attributes":{"bold":true},"insert":"What we were able to do since Gitcoin Grants 4 thanks to you!"},{"insert":"\n• Integrate CuraDAI in Etherscan + Trustwallet\n• Integrate CuraDAI with Alchemy and CuraDAO\n• Research xDAI and cDAi as colletarel\n• Create CuraDAI Slidedeck (take a peek)\n• Set-up and maintain strong connections with the local institutions in Curacao\n• Take the first steps to accept CuraDAI at 2 \n• Developed a new UI (check it out!)\n• Open-Source the CuraDAI Smart Contract\n\n"},{"attributes":{"bold":true},"insert":"We would like to continue the developed of CuraDAI and are currently working on!"},{"insert":"\n• Adoption Campaign with local e-sports company Fuego\n• Building a bridge between community.curadao.io's (built using Tribe.co) virtual currency and CuraDAI\n• Complete integration with XPOS to allow for direct sale of CuraDAI, CuraDAI on a Crypto CC and in store payments via POS\n\n"},{"attributes":{"bold":true},"insert":"With your support we will also be able to"},{"insert":"\n• Build MVP for interest earning CuraDAI (using cDAI, rDAI or another solution)\n• Research and Create ways to purchase any ETH or DAI item directly with CuraDAI\n• Document the entire process of launching CuraDAI and open-sourcing this knowledge to other countries\n\nWe hope to receive your support again. You're make a huge difference!\n\nDanki di antemano (thanks in advance)\n\nTeam CuraDAI 💙\n\n"},{"attributes":{"link":"https://twitter.com/Cura_DAO"},"insert":"Twitter"},{"insert":" | Website | CuraDAI@Curadao.io\n"}]}

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