Collats is in beta! For Progress Info
Collats Flow
Buy Collats
Collats are the standard for collateral computations and are backed one to one to premium dollar pegged stable coins.
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Take a look at your NFTs. You will be able to manage the amount of Collats in your collection.
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Choose which NFT you want to inject Collats to increase their intrinsic value.
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More than just a token
Collats provide the means to add a collateralized value to crypto assets. Each Collats token is backed one-to-one by a US Dollar pegged stable coin.
Collats are immune to the swings or fluctuations of the Crypto Currency market. When they get minted the same amount of an accepted Stable Coin is locked in vault. The decentralized nature of Collats does not allow to speculate with any percentage of the backup assets tied to the Collats' total supply.
There are many use cases for Collats. For example collateralized NFTs can be hypothecated, lent or insured and their Collats value can be redeemed anytime one-to-one by USD pegged Stable Coins.
Governed by the community
Collats is governed by the Collats DAO Governance Token (CDGT) which purpose is to allocate decentralized ownership of the algorithms and its profits. Collats is owned by the Collats DAO Liquidity (CDLT) holders.
The CDGT allow holders to have the ultimate saying in the governance of the Collats DAO and its finances. CDGT holders don't have a direct claim to the assets of the Collats DAO but are the ones that can vote for actions that should be beneficial to all the members of the Collats DAO.
Roadmap
Frequently Asked Questions
Where can I use Collats?
Use Collats everywhere you want to use a token that is backed by more than faith and goodwill.
Are collats stable coins?
We don't think so. But Collats are fully backed one-to-one to US Dollar Pegged Stable Coins.
What is the maximum circulation of collats?
There is no cap. Collats are minted on the spot by the same amount of the stable coin being stored. When Collats are redeem, the same amount of stable coin is returned and those Collats are immediately burned.
Where are the backup stable coins stored?
All the backup tokens are stored in-chain and everyone can monitor its balance at any time.
What stable coins back Collats
Click here to see the whole list.
What are the fees?
There is no fee to redeem your Collats. There is a 0.9% fee to mint.
In which chains are Collats available?
Ethereum, Polygon and Binance Smart Chain.
Is Collats Privately Owned?
Collats is owned by its DAO. Join now!
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