Recently, the mouth-watering track has been too lively, and I am preparing to choose @River4fun for in-depth exploration! I have summarized the content from the official website as follows:
1. Overview of the River Protocol
River is a modular capital coordination layer dedicated to building bridges between different ecosystems, achieving connections of capital, revenue, and contributions. It relies on the first full-chain CDP (Collateralized Debt Position) stablecoin protocol, enabling users to earn yields, leverage operations, and scale up without selling assets.
2. Core Stablecoin satUSD
Collateral Mechanism: Over-collateralized by BTC, ETH, BNB, and other liquid staking tokens (LSTs).
Minting Method: Users can use the above assets as collateral to mint satUSD with zero interest and can immediately utilize the liquidity obtained.
3. Main User Operations
Function Type Specific Content Mint satUSD Use BTC, ETH, BNB, or LSTs as collateral to mint satUSD with zero interest. Stake for Yields Stake satUSD to earn satUSD+, which is a liquidity token that shares protocol income. Post for Points Join River4FUN, connect to X (Twitter) account, and earn River points by creating or sharing content.
4. Document Module Structure
Core Module Omni CDP: Supports cross-chain native stablecoin minting.
Staking: Earn protocol rewards through satUSD+.
4FUN: Also known as River4FUN, users can contribute through social activities and earn rewards.
Key Questions
How is satUSD stabilized?
Answer: satUSD is stabilized through over-collateralization by BTC, ETH, BNB, and other liquid staking tokens (LSTs); this over-collateralization mechanism supports its value.
What benefits can users gain from the River protocol?
Answer: Users can gain benefits in two ways. First, by staking satUSD to earn satUSD+, thereby sharing protocol income; second, by joining River4FUN, connecting to X (Twitter) account, creating or sharing content to earn River points.
What is the main function of the Omni CDP module?
Answer: The main function of the Omni CDP module is to support the minting of cross-chain native stablecoins, allowing users to mint stablecoins across different blockchain networks.
Conclusion Mind Map
Direct Link: app.river.inc/?ref=xixi_0010
