EOSDT

EOSDT is a USD stablecoin with EOS as collateral.
To generate (borrow) EOSDT you have to lock some EOS as collateral in your cdp (collateral debt position)

The concept is similar to Maker/DAI but for EOS, when you want your EOS back you have to give back EOSDT and pay a small fee in NUT (the governance token)

Why another stablecoin?

• TetherUSD & C. you have to trust Bitfinex and banks, in EOSDT the value is auditable looking at smartcontract state.
• DAI it works on Ethereum and you have to pay Ether fee to transfert it. EOSDT, like other EOS token, do not need to pay a fee per transaction