IOST on Bidao helps expand the collateral asset basket

Sunday 7 August 2020, 7:16 AM AEST - 3 days ago

IOST on Bidao helps expand the collateral asset basketIOST on Bidao helps expand the collateral asset basket 19

With the introduction of IOST on Bidao, the platform has improved its basket of collateral assets. IOST has been building on new partnerships to increase its outreach to more DeFi platforms. Keen on achieving its promises, the IOST group has fulfilled its obligations despite the Coronavirus pandemic.

IOST + Bidao = ❤️$IOST is now a collateral asset on @Bidaochains #DeFi ecosystem🗣
This allows $IOST to be locked up in CDPs to generate $BAI #stablecoin.👏

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— Bidao® (@Bidaochain) July 31, 2020

The addition of IOST on Bidao has added a new value asset to the DeFi as a whole. Now, IOST-based collateralized debt positions can be built and users can then create the BAI stablecoin for further financial operations. The development also boosts liquidity on the platform.

IOST on Bidao marks an important milestone for IOST team

The booming DeFi is attracting players from many spheres. The value locked in DeFi is increasing by the day, and newer players like IOST are sure going to benefit from this rise. The recent collaboration with ProDeFi is another example where IOST is leading the race.

The launch of IOST on Bidao Blockchain also reflects the growing optimism in the DeFi r ...

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