Description
The USDAO ecosystem operates through smart contracts, guaranteeing transparency and security. Tokenized real estate assets are stored on-chain as collateral, ensuring proof of reserves and providing tangible, real-world backing for the stablecoin. Onvault employs a Real Estate Collateral Mechanism (RECM) to create USDAO stablecoins. By leveraging tokenized real estate assets, it ensures over-collateralization and utilizes decentralized oracles for real-time property valuations to maintain stability. The USDAO protocol operates autonomously as a self-sufficient, decentralized system. It minimizes trust dependencies by leveraging smart contracts and decentralized governance, ensuring secure and reliable operations backed by real-world assets. The primary goal of the USDAO protocol is to empower the community with governance over tokenized real estate assets. It provides a platform for decentralized borrowing and lending, enabling the efficient utilization of tokenized real estate as collateral. While the USDAO ecosystem is initially built on Ethereum, it is designed to expand across multiple blockchain networks. This multi-chain development will enhance accessibility, interoperability, and scalability, supporting tokenized real estate-backed stablecoin transactions globally.