Abra launches synthetic asset tokenization platform AbraFi and synthetic USD USDAF

On December 12, cryptocurrency financial services company Abra CEO Bill Barhydt announced at the Solana Breakpoint conference the launch of AbraFi, a Solana-based synthetic asset tokenization platform. AbraFi will be released to the public in the form of a DAO, not owned by Abra Inc., with governance token AFI holders receiving a majority of the protocol’s revenue distribution and having governance rights. AbraFi’s first product is the synthetic USD USDAF, fully backed by SOL, USDT, USDC, and others, with delta hedging to maintain the peg via DeFi protocols, and will also introduce a USDAF staking version, SDAF. AbraFi is currently in seed funding, with plans to officially launch around January 1, and the company is actively considering an IPO in the first quarter of next year.

SOL-2.11%
USDC-0.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)