Gnosis Wants To “Morph” OWL Into Yield-bearing Stablecoin

A discussion thread on the Gnosis governance forum proposes turning the OWL payment token into a stablecoin. Furthermore, Gnosis should offer an interest rate, making OWL a yield-bearing asset. While potentially problematic, introducing this new token model could make long-term prediction markets viable. While the price of the Gnosis utility token (GNO) has increased more […]

The post Gnosis Wants To “Morph” OWL Into Yield-bearing Stablecoin appeared first on CryptoCoin.News.

Source: https://cryptocoin.news/news/defi-news/gnosis-wants-to-morph-owl-into-yield-bearing-stablecoin-51871/?utm_source=rss&utm_medium=rss&utm_campaign=gnosis-wants-to-morph-owl-into-yield-bearing-stablecoin

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.