MahaDAO Set to Launch Collateral-backed Stablecoin on Polygon

Polygon’s decentralized finance (DeFi) matrix is set for further expansion as MahaDAO readies the launch of the world’s first “valuecoin” on the network. MahaDAO’s value coin is a collateral-backed stablecoin with added yield farming capabilities for the algorithmic stable currency.

ARTH Stablecoin to go Live on Polygon

According to a press release shared with BTCManager, DeFi project MahaDAO is set to release the world’s first valuecoin. The ARTH issuer is reportedly ready to launch its algorithmic stablecoin on the Polygon network.

MahaDAO’s ARTH token is a stablecoin fully backed by a basket of collateral unlike the likes of fiat-pegged stablecoins like Tether (USDT) which are tied to fiat currencies. In the case of ARTH, the algorithmic stablecoin is backed by Bitcoin (BTC), gold, and fiat currency with BTC occupying 5 percent asset weight by gold and fiat constitute 15 percent and 80 percent respectively.

The ARTH launch on Polygon is expected to happen on June 22 with plans for the stablecoin to also launch on other blockchains like Ethereum (ETH) and the Binance Smart Chain (BSC) network.

According to the press release, ARTH’s launch on Polygon will be followed by the activation of yield farming for the fractional reserve stablecoin. Users will receive rewards in MahaDAO native token, MAHA, and ARTHX — a deflationary “coin” used to ensure the stability of ARTH.

Per an announcement issued back in February, MAHA and ARTH are listed on the BitMax crypto exchange.

ARTH yield farming will reportedly be available on decentralized exchange platforms like DFYN and SushiSwap. By yield farming to earn more MAHA tokens, users will also be able to play a greater role in the MahaDAO governance since the native token offers voting rights on issues such as the weighted pegs in the asset basket.

For instance, MAHA holders may elect to hold a vote to reduce the weight of fiat in the ARTH asset peg basket.

In preparation for the launch, prospective users can pledge collateral using Tether (USDT), USD Coin (USDC), Dai (DAI), Ether (ETH), and Polygon (MATIC) to earn ARTHX tokens. Participating in the launch event will also offer users the chance to take part in a lottery to receive NFTs from the MahaDAO team.

By launching yield farming for ARTH on Polygon, MahaDAO is joining a raft of DeFi protocols expanding the Ethereum scalability protocol. In May, the protocol released SDK tools to enable developers to easily deploy Ethereum-compatible chains.

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MahaDAO to Launch ARTH: World’s First Valuecoin on Polygon

Happening June 22nd, MahaDAO will launch the world’s first valuecoin on Polygon, called ARTH, according to the company.

ARTH, the asset, will debut on the Polygon network. The Polygon network was selected based upon three simple reasons: It fully benefits from Ethereum’s network, it is secure and it is open and powerful.

Polygon is an Ethereum-compatible protocol and architecture that builds and interconnects blockchain networks. The network brings together scalable Ethereum solutions to support a multi-chain Ethereum ecosystem.

Following the launch in the near future, ARTH, a fractional reserve stablecoin entirely backed by collateral, will be further implemented on Ethereum, Binance Smart Chain (BSC), and other blockchain networks.

MahaDAO Brings New Value to Polygon

Unlike other stablecoins like USDT and USDC, ARTH’s value is determined by the asset’s underlying buying power rather than its price.

Other than being backed by the US dollar (USD), as is the case with fiat-pegged stablecoins, ARTH is backed by a basket of uncorrelated assets that includes 5% bitcoin, 15% gold, and 80% fiat.

MahaDAO will allow users to farm its new collateral-backed stablecoin after it launches on June 22nd, paying with MAHA and ARTHX tokens in return. Top decentralized platforms like SushiSwap, DFYN, and others will offer ARTH farming.

Early miners reach higher rewards due to MahaDAO’s exponential distribution program designed to promote liquidity farming. Miners also earn interest on ARTH tokens by staking ARTH and earning an interest, through MahaDAO ARTH Savings Rate program.

ARTH and ARTHX are Coming

ARTHX is a deflationary token designed to absorb the volatility of ARTH and ensure its stability. While MAHA is the protocol’s native governance token.

Holders of MAHA tokens are entitled to redistribute ARTH’s non-correlated basket of assets – i.e. reduce the percentage of fiat while increasing that of bitcoin.

The ARTH target price is determined by a basket of stable assets calculated using a Maha proprietary index dubbed the “Global Measurement Unit.” Additional solid measures including seigniorage shares, automated rebalancing, and trusted oracle price feeds will help to keep the price of ARTH stable.

Early adopters interested in participating in the MahaDAO Genesis launch can trade USDT, USDC, DAI, ETH, and MATIC tokens for ARTHX tokens. Also, these users taking part in the Genesis will participate in a raffle to win an NFT from the MahaDAO team.

A Great Way to Enter Crypto

MahaDao with its ARTH token is targeted at students, shoppers, tourists, businessmen, employees, passengers, institutions & governments; basically anyone needing to exchange value.

MahaDAO is ready to deploy cross-chain liquidity, since ARTH is compatible with tokens and currencies from other blockchains.

This token compatibility allows a massive liquidity pool across chains. Very soon ARTH holders will be able to stake, lend, borrow and trade ARTH across chains. Also, MahaDAO is developing products, built and managed by the community itself, that will fuel the entire ecosystem.

Huge Debts May Drive Cryptos Higher

For the first time in 2021 the United States reached over $27 trillion of national debt excess, and current inflation sits at 4.5%. The management team at MahaDAO strongly believes that a new kind of hedge, independent of the value of the US dollar, is badly needed.

As expected within the crypto ecosystem, several projects are undergoing integration processes to include ARTH within its operations, three particular ones were chosen to be incubated by MahaDAO itself. Most of these projects will be ready to go live in parallel to the MahaDAO platform release on June 22nd.

The DeFi initiative behind algorithmic valuecoin ARTH is MahaDAO, a Decentralized Autonomous Organization (or DAO) operating on rules encoded in smart contracts.

Because the valuecoin is value-stable and governed by its community via a separate governance token, holders can vote on savings rates, stability fees, direction, strategy, and future advancements for the ARTH token.

For more information on MahaDAO, and the new ARTH valuecoin, please click here.


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MahaDAO to Launch Staking Program for MAHA Governance Token

Crypto collateralization platform MahaDAO has unveiled details of a staking program, which will be delivered with the aid of Ferrum Network. The program will allow the community to stake the project’s MAHA governance token, which was recently made available to the public via Polkastarter DEX.

The Initial Dex Offering (IDO) sold out in under three minutes on December 17, in one of the first token sales to be conducted on Polkastarter. MahaDAO will now commence with a staking program that will provide an APY of almost 40%. To qualify for the maximum available APY, users are required to stake tokens for 90 days.

Staking to Precede Protocol Launch

MahaDAO’s protocol is on course to launch in January, whereupon users will be able to open and manage collateralized debt positions (CDPs). Until then, the staking program gives token holders somewhere to park their assets and begin earning yield. Uniswap liquidity mining is also in the works, but in the interim, MahaDAO’s staking program will temporarily remove a tranche of MAHA tokens from the market, increasing scarcity.

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The initial staking program MahaDAO is launched has been delivered with the support of Ferrum Network, which specializes in staking-as-a-service. A total of 200,000 MAHA can be staked by the community for the 90-day program, by which time MahaDAO’s platform should be live.

Bringing Value to Decentralized Finance

MahaDAO’s ARTH token, which is minted in the same manner as a stablecoin like DAI, has been described as the world’s first non-depreciating currency. This means that its purchasing power should remain constant over time, even as inflation causes the price of real-world goods to go up. For example, a coffee bought with 10 ARTH in 2020 should be purchasable in 2025 for 10 ARTH. This gives users confidence that their holdings are not going to lose their purchasing power, unlike fiat currencies including stablecoins.

Within the decentralized finance space, however, ARTH will provide a more immediate use case, allowing assets to be collateralized in return for minting valuecoins. These can be used for traditional DeFi applications like lending, trading, and yield farming.

Pegged to a Global Measurement Unit comprising an uncorrelated basket of assets (various weightings of fiat, gold, and BTC), ARTH is designed to have intrinsic value, belying the claims of those who accuse cryptocurrencies of being “backed by nothing.”

While ARTH will provide the everyday value within the MahaDAO ecosystem, MAHA will provide governance rights. MahaDAO is riding high following its successful token sale, with a community that is growing fast. The MAHA staking program will maintain the momentum while building anticipation as the launch of the MahaDAO protocol looms.


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Meet MahaDAO & ARTH: A Decentralized Algorithmic Stablecoin Platform


Stablecoins have evolved to insulate crypto investors from token price volatility, or at least the perception of it. MahaDAO is one of the first platforms to see that fiat-linked stablecoins aren’t really that great for ensuring buying power, at least on a time frame of more than a few months. The ARTH token ecosystem is […]

The post Meet MahaDAO & ARTH: A Decentralized Algorithmic Stablecoin Platform appeared first on Blockonomi.


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