Neutral has worked to broaden the use case of transfers and payments within the DeFi ecosystem. The team is proud to announce that our Dapp now supports Neutral Dollar access to underlying liquidity on Uniswap.
Uniswap is a decentralized protocol for token exchange, built upon Ethereum. As of September 2019, roughly 15 MM worth of liquidity in Ethereum and ERC20 assets exist on the platform to provide users access to better exchanges of assets in a decentralized fashion. A Neutral Dollar pool exists for users to transact between assets on the protocol — either natively on Uniswap’s website or through Neutral’s Dapp.
To directly get into Neutral Dollar through Uniswap’s liquidity pools, go to the ‘Convert’ tab on our platform to trade into NUSD using any ERC20 asset in the dropdown.
Similarly, you can access the NUSD pool directly on Uniswap’s site under the ‘Swap’ tab:
The team will ensure that the NUSD pool at Uniswap is sufficient for users to transact with appropriate execution quality. Additionally, users can also add liquidity directly on Uniswap by depositing appropriate amounts of Ethereum and Neutral Dollar on the Uniswap site.
Both Neutral and Uniswap are committed to making exchanges amongst blockchain assets much more simple and within a user’s best interest. Neutral Dollar’s value add comes from a lower volatility coin to transact with, and with that mission in mind will strengthen the quality of trades between assets on different exchanges such as Uniswap. Given that both platforms are non-custodial in nature, we hope that users are empowered to use their funds as they wish and can do so in the most effective manner possible.
Neutral, founded in 2018, is a smart contract system offering superior financial instruments to the cryptocurrency space. Neutral’s first product, Neutral Dollar (NUSD), is an aggregated basket of stablecoins, resulting in a superior digital dollar which has lower volatility, increased liquidity, and increased transparency when compared to other stablecoins on the market.
Uniswap provides an interface for seamless exchange of ERC20 tokens on Ethereum. By eliminating unnecessary forms of rent extraction and middlemen it allows faster, more fficient exchange. Uniswap is open source and functions as a public good.
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