What is Matrixdock? Matrixdock is a short-term US government bond tokenization platform built on the Ethereum network, making this investment accessible to investors outside the US. So let’s find out what’s special about Matrixdock.
To better understand the project, people can refer to some of the articles below.
- What Are Real World Assets (RWA)? Potential Projects In RWA Array
- Will Real World Assets (RWA) Become Narrative After LSDFi
- What is Maple Finance (MPL)? Maple Finance Cryptocurrency Overview
Overview of Matrixdock Project
What is Matrixdock?
Matrixdock protocol helps users gain access to US government bonds through its products. Currently the protocol supports both institutional and individual investors and is built on the Ethereum network.
What is Matrixdock?
Matrixdock’s current main product is STBT Token, which allows investors to mortgage their Stablecoins into the protocol. Then, through Matrixdock, the project’s token will be minted, STBT. STBT is backed by short-term US government bonds, so the risk is almost zero. From there, investors can receive profits from STBT. Currently Matrixdock is supporting collateral for the following stablecoins: USDC, USDT, DAI, BUSD, LUSD, MIM, FRAX, USDP, SUSD, TUSD, USDD, and GUSD.
With this product, Matrixdock is helping investors gain access to one of the safest investments in the world.
Mechanism of Action
STBT Token
To join mint STBT, follow these steps:
- Step 1: First, everyone must create an account on the platform with a phone number or email.
- Step 2: Conduct KYC, then must prove that you are an investor. From there, find the right service for your needs.
- Step 3: After completing the above 2 steps, we can use the STBT product
Investors can redeem STBT through Matrixdock or trade through the STBT/3CRV pool on Curve Finance. In addition to earning profits from the STBT token itself, users can also provide liquidity in pools to earn additional rewards.
The fees investors must pay are 0.1% APY service fee for the protocol, refund fee is 0.1.
Development Roadmap
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Core Team
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Investor
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Tokenomics
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Exchanges
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Project Information Channel
- Twitter: https://twitter.com/matrixdock
- Website: https://www.matrixdock.com/
- Telegram:
Summary
Narrative RWA is gradually becoming hotter with projects that have practical products, promising to explode in the near future. Especially when the Bitcoin Spot ETF has a very high chance of being approved. Through this article, I hope everyone has the necessary information about what Matrixdock is.
