Community Governance Milestone! LAUSD Stablecoin Proposal Passed, Opening a New Era of Algorithmic Currency with 32,000 Community Votes! LAUSD Anchors Multi-Chain Assets, Risk Resistance Exceeds USDC
The Lagrange community passed the LIP-001 proposal with an 82% support rate on June 25, officially launching the development of the algorithmic stablecoin LAUSD. This stablecoin will anchor multi-chain assets such as ETH, BTC, and USDC, adopting a dynamic collateral ratio (150%-300%) and AMM mechanism to achieve a balance between price stability and capital efficiency.
Technical Implementation Path:
LAUSD monitors cross-chain asset prices in real-time through the State Committees protocol. When the collateral ratio falls below the threshold, it automatically triggers a liquidation bot to sell the collateral and mint LAUSD. At the same time, Lagrange's ZK Coprocessor can generate zero-knowledge proofs for the collateral assets, ensuring the consistency between on-chain data and off-chain market prices. Testnet data shows that this mechanism can still control LAUSD price fluctuations within ±0.5% even during extreme market conditions (e.g., a 30% drop in ETH).
Ecological Synergy Effect:
The launch of LAUSD will improve the closed-loop DeFi ecosystem of Lagrange. Users can participate in liquidity mining by staking LAUSD and receive a share of the Lagrange protocol's income (40% of weekly protocol income is used for LA buybacks). Additionally, LAUSD will be integrated into Lagrange's cross-chain lending module, supporting seamless exchange of multi-chain assets, and is expected to attract over $100 million in initial liquidity after launching in Q4.
