Overview

What is EdBankDAO?

EdBankDAO is a decentralized finance (DeFi) platform crafted for the EduChain ecosystem. By utilizing a CDP (Collateralized Debt Position) protocol, EdBankDAO empowers EDU token holders to issue stablecoins backed by their assets, ensuring a reliable and effective capital utilization method. Our main objective is to establish stable and dependable liquidity within EduChain, building a strong financial foundation for all ecosystem participants.

Core features

Collateral Debt Position (CDP)

Inspired by MakerDAO, EdBankDAO’s CDP mechanism enables users to lock up EDU as collateral and mint stablecoins (ESD) in return, providing a safe way to utilize assets for leveraged financial opportunities.