Proposal Details
We built and launched a carefully designed, highly upgradable algorithmic stablecoin, the Ubiquity Algorithmic Dollar, with a DAO/governance.
We also built our first product which perpetually raises collateral for our dollar (through a pickle finance jar for now) that stacks higher yield in our debt tokens. These are redeemable when price is above 1.00 to push back down the price.
We plan to continue to build the ecosystem of products around our dollar to enhance its utility and stability (similar to terra) as well as aggressively pursue integrations and partnerships (we just finished with instadapp!)