Issuers of decentralized stablecoins and reserve currencies.
Aave GHO🟢 ActiveGHO is a decentralized, overcollateralized stablecoin native to the Aave protocol: borrowers mint it against collateral supplied to Aave V3, and it holds a…Ethena (USDe)🟢 ActiveEthena issues USDe, a dollar-denominated synthetic asset that reaches its peg not through fiat in a bank account but through a hedged portfolio of crypto…Frax Finance🟢 ActiveThe fractional-algorithmic stablecoin and its DAO.Liquity🟢 ActiveLiquity is a decentralized borrowing protocol on Ethereum whose defining choice is the near-total absence of governance.OlympusDAO (OHM)🟢 ActiveOlympusDAO is a DeFi protocol and DAO on Ethereum, launched in March 2021 by a pseudonymous founder known as “Zeus”.Reflexer (RAI)🟠 DormantReflexer issues RAI, a decentralized stable asset that is deliberately not pegged to the dollar.Sky (formerly MakerDAO)🟢 ActiveThe DAO behind the DAI/USDS stablecoin, formerly MakerDAO.