Unprecedented rates of dollar production injected directly into the global economy have left many searching for a safe place to park their funds. Stocks and property are considered overvalued, and gold’s true value distorted by derivatives.
Accordingly, many are now looking towards cryptocurrencies. Once a fringe asset class, the innovation in the space has reached a point attractive enough to traditional money flows. Yet, for the non-initiated, accessing the swirling seas of digital assets can be a daunting experience.
Enter the Digital Reserve
The Digital Reserve is a DeFi platform built on the Ethereum blockchain, and an exclusive part of the Digital Reserve Currency (DRC) ecosystem. By depositing the native currency DRC into the Digital Reserve, users gain instant and secure exposure to a curated basket of Store of Value assets.
The platform instantly transfers user’s DRC funds into holdings of Bitcoin, tokenized Gold, Ethereum or tokenized and interest-bearing USD*. Depending on a user’s risk aversion, they can choose to hold more conservative allocations or those with a potentially higher yield. The user’s deposited USD value is recorded and represented by a proof of deposit (PoD) - also minted onto the blockchain. This PoD carries with it the value of the associated deposit and thus can be used as collateral for lending in the near future.
The Digital Reserve smart contract has been audited by a reputable blockchain development firm with no critical or serious issues found.
*current allocations. Further Digital Reserve Vaults allocations are to be decided by the DRC community through democratic governance proposals, powered by on-chain voting mechanics.
What is DRC?
Digital Reserve Currency (DRC) is designed as a potential digital store of value. 100% of the 1 billion total supply of DRC has been issued directly to the market and hence is deflationary. The Digital Reserve Currency (DRC) ecosystem is community-controlled; an entirely decentralized governance structure and no managerial efforts cement DRC’s regulatory compliance.
With no token sale and no central authority, manipulation of DRC ecosystem is not possible. DRC token is the exclusive key to the Digital Reserve Vaults; the only access to DeFi’s most decentralized capital preservation ecosystem. Users who wish to get access to the Digital Reserve platform, can instantly buy Digital Reserve Currency (DRC) on the Uniswap exchange.
Ethereum blockchain supports the highest performing Decentralized Finance (DeFi) protocols. Whilst Bitcoin is currently perceived as a digital store of value, the exploding cryptocurrency space needs alternatives. Built on the Ethereum blockchain, Digital Reserve Currency (DRC) offers those with foresight early exposure to a potential digital store of value for institutions and the masses alike.