Davos Protocol
Davos Protocol functions as the new open-source liquidity protocol for earning yield on collateralized assets and borrowing DAVOS — a new over-collateralized stable asset.
It makes use of and expands on the proven MakerDAO model for a decentralized, unbiased, collateral-backed stable asset enhanced by Liquid Staking.
The protocol consists of a dual token model (DAVOS and DGT) and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming (upcoming feature), and DAVOS stable asset staking (upcoming feature). It has been integrated into the Polygon ecosystem and runs on top of it.
The protocol is built by DeFi and smart contract experts with the aim to position the world-class revolutionary DAVOS stable asset as the most widely used decentralized stable asset protocol, by leveraging Proof-of-Stake (PoS) rewards, Liquid Staking, and yield-bearing assets.