HaloDAO supports permissionless liquidity for Asian asset-backed stablecoins.

Because Asia includes economies and legal systems that are often fragmented, cross-border trade can be difficult and costly. Low liquidity is also a common challenge in DeFi today.

HaloDAO looks to solve these challenges by:

Building On-Demand Liquidity (ODL) using asset-backed stablecoins.Expanding on and off-ramps through integrations with existing wallets and exchanges across Asia.Developing tailored products for fast, on-demand currency exchanges, along with a stablecoin-focused lending market designed to generate high yields for local currencies.

With this, anyone can trade, lend/borrow, and earn yield in asset-backed stablecoins. 

FX Automated Market Maker (AMM)

HaloDAO will reward liquidity providers and traders who support activity between Asian asset-backed stablecoins, synthetic stablecoins, and key pairings between those stablecoins and widely used currencies, such as ETH, WBTC, USDC, USDT, DAI, etc.

Lending Protocol

Creating a region-specific stablecoin and seeding liquidity in an AMM is only the start. HaloDAO’s intention is to grow a regional lending and borrowing marketplace for Asia-focused stablecoins, enabling users to earn interest tied to regional, local currency rates on their balances-similar to “local currency farming”.

Stablecoin Minter

HaloDAO depends on a foundational integration with UMA’s DVM, which provides a “priceless oracle” approach for minting synthetic stablecoins using a price feed based on collateral tokens and the target regional currency.

The core modules support the:

1. Swapping of region specific asset backed stablecoins and synthetic versions where applicable

2. Minting and redemption of region specific stablecoins

3. Lending and borrowing of these region specific stablecoins

4. Earning HALO rewards tied to the profit drivers from the activities above

5. Governance of the HaloDAO Protocol by HALO token holders, who decide on;

a. New economic and geographic regions to expand into (new collateral types and synthetics to support across the AMM, Minter and Lending Market) b. Tuning the HALO burn rate (to reduce the total HALO supply over time, supported by the Stablecoin Earnings Pools) c. When to carry out buybacks using funds from the Stablecoin Earnings Poolsd. And many other proposal types