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Chi Protocol
Stealth
Distributed
Chi Protocol
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Description
Chi Protocol provides a stablecoin called USC, which is fully backed by LSTs and held in Ethereum smart contracts. The protocol allows users to deposit LST/ETH as collateral, mint USC at a 100% collateral ratio, and earn real yield by staking USC. The governance token, CHI, offers ETH staking yield and token burns.Category: Decentralized Stablecoin
TVL: $8.5K
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