How is $LUSD backed. No centralized stablecoins. No collateral held in banks. No real estate backing. Only pure ETH.
13 Oct 2023, 15:42
How is $LUSD backed?
❌ No centralized stablecoins.
❌ No collateral held in banks.
❌ No real estate backing. 🏚
✅ Only pure ETH.
Don't trust. Verify. As easy as it should be in DeFi.
Just open up Etherscan: