About Autonomint
Last updated
Last updated
Autonomint has created a new mechanism to drastically reduce the costs incurred to hedge any asset. We do this with a combination of stablecoin and on-chain credit default swaps. We start with providing a cheap hedging for tokenised ETH assets. This includes staking/restaking ETH assets. Anyone looking to hedge can deposit ETH & ETH LRT as collateral to mint USDA+, a stablecoin soft pegged to US Dollar.
It's better than any existing lending protocol as we also hedge the collateral value with decentralised credit default swaps (dCDS).
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