GSU Protocol, Issuing Next Generation Super-Stablecoin GSUc, Joins Chainlink BUILD
We’re excited to announce that GSU Protocol is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and the long-term adoption of GSU coin (GSUc), a super-stablecoin, empirically documented and academically validated, with lower volatility than USD-pegged coins, by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
We’re confident that through enhanced support, secure offchain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of GSU Protocol and support the adoption of GSUc as the world’s most stable unit.
GSU Protocol: Superior Price Stability for All Stablecoin Users
GSU Protocol’s mission is to underpin the GSUc with superior price stability for all DeFi users, regardless of their domestic currency. By forking MakerDAO, GSU Protocol is able to enable users to open debt positions based on a battle-tested, open-source codebase.
To enable our reduced volatility stablecoin, the GSUc is soft-pegged to the GSU exchange rate which involves a novel approach using global market-based rates. Unlike single-factor pricing models used between two parties, the GSU solution uses the volatility between rates, along with real-world data regarding the capital flow for the given bilateral relation. Based on the volatility and volume, the GSU system analyzes a weighted volatility metric.
At its core, GSU Protocol aims to move DeFi beyond fiat-pegged stablecoins to create a more stable and efficient ecosystem that supports equal access for all.
Why We Joined Chainlink BUILD
GSU Protocol joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, GSU Protocol will receive key benefits, including access to and integration of Chainlink Price Feeds, Proof of Reserve, and CCIP, and access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, GSU Protocol will make a percentage of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re excited to join Chainlink BUILD to gain access to industry-standard oracle services, helping us to update our protocol with key price data and enable users to transact with GSUc across chains. We look forward to continued collaboration between GSU Protocol and Chainlink as we support the next generation of DeFi.” — Jesper Toft
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About GSU Protocol
GSU Protocol revolutionizes DeFi by issuing a superior stablecoin that offers unparalleled price stability for users worldwide. By depositing crypto-native collateral, users can issue GSUcoin while remaining the full custody of the assets. GSUcoin offers its users the sort of superior monetary stability that is ideal for transactions, financing solutions, wealth preservation, and purchasing power protection against inflation.
Find out more about the GSU Protocol via gsuprotocol.io, explore the project more in detail through our whitepaper, and connect with us via X/Twitter @gsucoin.
