BitShares Forum
Main => General Discussion => Topic started by: Brekyrself on February 11, 2025, 08:22:08 pm
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Meet the honest.XAU smart coin. A derivative tracking the HONEST market value of 1 troy ounce of .999 percent fine Gold. All Backed by collateral held on the chain in a smart contract. Bitshares DeFi supercharges these smart coins essentially creating a Market Pegged Asset.
Phase 1: Be able to trade honest.XAU seamlessly between BTS, honest.BTC, and the stable coin honest.USD.
(https://preview.redd.it/why-use-fiat-tied-stable-coins-when-you-can-use-gold-instead-v0-6wqwpq956kie1.jpg?width=1280&format=pjpg&auto=webp&s=591f7fb21a364e642eee6fa20b0b2b64e472cee9)
See the stats here: https://blocksights.info/#/assets/HONEST.XAU
How to get it?
Easy button: Trade for honest.XAU via the following liquidity pools
- BTS / honest.XAU # 1.19.523
- honest.USD / honest.XAU # 1.19.525
- honest.BTC / honest.XAU # 1.19.524
(https://preview.redd.it/why-use-fiat-tied-stable-coins-when-you-can-use-gold-instead-v0-v94iihybfkie1.png?width=1080&format=png&auto=webp&s=27bcb327695d47bc6d585066502ef2da244c470d)
Name your price: Use the DeFi Dex
- Trade BTS for honest.XAU via the market https://ex.xbts.io/market/HONEST.XAU_BTS
(https://preview.redd.it/why-use-fiat-tied-stable-coins-when-you-can-use-gold-instead-v0-3ai7mtxiekie1.png?width=855&format=png&auto=webp&s=9ae71c928075c609bffd7c3d10e77c15e31050a5)
Add to the ecosystem via borrowing & providing liquidity to the pools
- Lockup your BTS as collateral to borrow honest.XAU for the best of both worlds. Go one step further and invest both BTS & honest.XAU in the liquidity pool to earn trading fee's!
Borrow:
(https://preview.redd.it/why-use-fiat-tied-stable-coins-when-you-can-use-gold-instead-v0-nkhn63498kie1.png?width=693&format=png&auto=webp&s=80e8e3fe96fe1e21dd57b15a96b1190c6ddecd40)
Add Liquidity:
(https://preview.redd.it/why-use-fiat-tied-stable-coins-when-you-can-use-gold-instead-v0-l4biguogakie1.png?width=1080&format=png&auto=webp&s=02fe607359d16cf1b249a6e91aee9663677d22a3)
Where can it go from here?
- Phase 2: Seamlessly trade between native assets such as BTC.
- Phase 3: Real deal honest.MONEY. Created by being the gateway connection between all the smart coins such as honest.XAU, honest.BTC, honest.USD. Take a minute and study this map to fully understand the eco-system being created on the bitshares blockchain.
(https://preview.redd.it/why-use-fiat-tied-stable-coins-when-you-can-use-gold-instead-v0-veng3l8e7kie1.jpg?width=1045&format=pjpg&auto=webp&s=9aa6c3e8fcb4a885718579e0ea55209e465350d6)