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What is Claim?

By claim_finance | claimdotxyz | 28 Jun 2021


What is CLAIM?

Introduction

$CLAIM is a DeFi protocol that uses a new generation of stable currency model-the credit stable currency model. It supports users to pledge their assets and generates stable currency cUSD for capital circulation. At the beginning of the launch, the Claim protocol will be deployed on the Ethereum chain and BSC chain.

 

Throughout the development history of DeFi stablecoins, the previous market acceptance is still the model of stablecoins after pledged assets. After all, people's value anchoring of stablecoins needs to be supported by redemption energy. Claim can not completely rely on the current value of the mint's assets, but the expected future returns of the assets will also be used as trusted collateral, which will greatly improve the asset utilization efficiency of this stable currency. 

 

The Claim protocol allows users to pledge assets held by users and generate stablecoin cUSD. The protocol allows users to deposit assets through the aggregation income platform for capital allocation and form investment income. The return on investment in these assets will serve as the valued support of Claim's credit system. In this mode, the user's deposited assets can not only be used as collateral to obtain stable currency cUSD for capital circulation but also can enjoy the credit leverage formed by the expected return of assets, which greatly enhances the utilization of assets effectiveness. 

 

The principle and characteristics of Claim 

There are three types of stablecoins on the market. One is fiat anchor stablecoin represented by USDT; One is the cryptocurrency anchor stablecoin represented by DAI, and the other is the algorithmic stablecoin that has been popular in recent years, which adjusts the circulation supply by algorithms. However, Claim is focusing on credit stablecoin, which is different from the above three stablecoins. 

 

Yes, so, throughout the development of DeFi stablecoins, the most widely used model is still of stablecoins minted against pledged assets, as you mentioned in the case of USDT and DAI. Quite instead, Claim can not completely rely on the current value of the mint's assets, but the expected future returns of the assets will also be used as trusted collateral, which will greatly improve the asset utilization efficiency of our stablecoin. 

 

The Claim protocol allows users to pledge assets held by others and generate stablecoin cUSD. The protocol allows users to deposit assets through the aggregation income platform for capital allocation and generate investment income.

 

The ROI in these assets will serve as the support value of Claim's credit system. In our model, the user's deposited assets can not only be used as collateral to obtain stablecoin cUSD for capital circulation but also can enjoy the credit leverage formed by the expected return of assets, which greatly enhances the protocol’s utility. That's the difference essentially. Also, as a new generation of a stable currency, Claim has received a lot of attention from the capital and has completed the first round of strategic investment. Participating institutions include NGC, Silicon VC, Hoo Venture, C6E, Vega Venture, Waterdrip Capital, SpaceX, Excision BioTherapeutics, and fund of NIO Silicon Valley investors. 

 

Why Claim is safe?

What does Claim do to prevent hacker attacks? From the beginning, the Claim team has also eliminated the possibility of direct contact with the user's assets at the technical level. All operations are performed through smart contracts, and the user's rights can only be operated by themselves, eliminating the possibility of malicious actions. And for the funds on the platform, we adopted the design of multi-signature, pool separation, proxy contract, etc., to isolate the user’s assets and platform insurance hedging funds. In DeFi, technology is directly related to security. Before the claim went online, the code was submitted to the SlowMist Security Audit Company for review and successfully passed. The audit number is: 0X002104150004, and the contract has no risks in a comprehensive assessment. 

 

How does a Claim capture value?

Machine gun pool

As one of the core modules of the Claim platform, Vault plays an important role in revenue capture. After users deposit assets (the initial support asset is stablecoin DAI), Vault will aggregate the assets and deposit them into the preferred head income mining platform (Yearn at the initial launch). The proceeds will be fed into the mutual fund pool to support the entire Claim ecosystem.

 

After the machine gun pool accepts the user's deposit, CUSD will be cast in a ratio of 1:1. CUSD can exchange assets through the DEX platform such as Curve, and can also participate in the liquidity market-making and mining inspired by the project to obtain the $CLAIM token reward. At the same time, the Claim agreement allows the user to redeem any stablecoin assets in the machine gun pool in an equal ratio (1:1).

 

Mutual Fund Pool

The mutual fund pool controls the distribution of revenue from the contract machine gun pool. Therefore, the mutual fund pool spends a major portion (80%) of the proceeds on the repurchase of Project Governance Token $Claim and Liquid LP Token of DAI. The remaining 20% will be governed through the DAO as a community mutual fund. With the progress of the project, the income distribution of the mutual fund pool will be allocated more and more by community DAO governance.

 

 

 

 

 

 

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claim_finance
claim_finance

Claim is the next-generation credit-based stablecoin and a DeFi protocol.


claimdotxyz
claimdotxyz

A game-changer in DeFi. Build and redefine the stablecoin world. Email address: [email protected]

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