The Stablecoin

DAIX stands at the core of Bitcash, representing a revolutionary stablecoin in the DeFi landscape. It is uniquely engineered to maintain consistent value stability while operating across multiple blockchain networks, a feat made possible through a combination of sophisticated technology and financial mechanisms.

• Foundation of Stability: DAIX's stability is anchored in its backing by a diversified portfolio of assets, initially including ORDI and BTC. This multi-asset backing strategy extends beyond single-currency pegs to encompass a broader asset base.

The value of DAIX is stabilized by its underlying collateral value.

Formula:

$$ValueofDAIX=∑(AssetQuantity×AssetMarketPrice)$$

• Cross-Chain Functionality: Leveraging Solana’s smart contract technology, DAIX is designed for seamless operation across different blockchain networks. This cross-chain functionality is pivotal in enhancing liquidity and accessibility for DAIX holders.

• Decentralized Stability Mechanism: DAIX employs a decentralized mechanism for maintaining its peg. Smart contracts autonomously execute stabilization protocols based on real-time market data, ensuring transparency and trust in DAIX’s value.

• Dynamic Collateralization: DAIX utilizes a dynamic collateralization approach to ensure its stability. This involves adjusting the collateralization ratio based on market conditions, similar to that employed by other leading decentralized stablecoins. This flexibility allows DAIX to adapt to market changes and maintain stability.

Formula:

$CollateralizationRatio=TotalDAIXIssued/TotalCollateralValue$

• Risk Mitigation and Liquidation Protocols: To mitigate risks and safeguard its stability, DAIX incorporates automated liquidation protocols triggered when the collateralization ratio falls below a certain threshold. These mechanisms rebalance the collateral pool.