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21. FAQ
Ubiquity is a Decentralized Autonomous Organization (DAO) building financial primitives on the Ethereum blockchain leveraging our flagship product, the Ubiquity Dollar (uAD).
"uAD is the world's first polymorphic stablecoin."
Most algorithmic stablecoins are built on rigid economic strategies that make it difficult to respond to adverse situations. Scenarios such as the changing dynamic of the DeFi economy and security breaches can threaten the stability of the algorithmic dollar. The Ubiquity Dollar is designed with a polymorphic architecture that maximizes the flexibility of upgrading stabilization mechanisms, all through a decentralized, transparent, community-driven mechanism.
All new uAD entering the system begins its life as a debt token. Initial supply for every token in our economy was at or close to 0. We seeded the uAD market with less than $10,000.
The goal of Ubiquity DAO is to become the bank of the metaverse, leveraging its flagship product: the Ubiquity Dollar. We are jumping into the industry with a splash by becoming the stablecoin of crypto gaming!
- Ubiquity Dollar (uAD) - Ubiquity Dollar (Stablecoin)
- Ubiquity Governance Token (UBQ) - Governance Token
- Ubiquity Credit (uCR) - Ubiquity Credit (Debt)
- Ubiquity Credit NFT (uCR-NFT)- Ubiquity Credit with defined expiration date
The two main use cases for the UbiquiStick are to allow access to our bespoke yield bearing vaults, as well as perpetual beta access to all future Ubiquity DAO products. Generally speaking, many products can offer ways for users to gain yield which means it's usually good to get in before everybody else does.
We have an audit from CertiK that you can read here.
We are in the process of obtaining a security assessment from PeckShield and Haechi as well.
Without stability we have nothing. © 2023 Ubiquity DAO.