HaloDAO intends to unlock potential for non-USD stablecoins to generate permissionless on-demand liquidity. They are building their Protocol in the Balancer ecosystem. This will enable local populations to swap and earn crypto, acting as the base layer for additional innovation for local payments.
HaloDAO provides an incentivization system embodied in a Decentralized Autonomous Organization (DAO). The stablecoin marketplace protocol connects traditional finance and decentralized finance (DeFi) by enabling deep liquidity networks for local stablecoins and money market fund products.
The project aims to create a foundational layer for the digital economy by building an optimized Automated Market Maker (AMM) that efficiently facilitates swaps and minimizes slippage between differently priced stablecoins. HaloDao plans to bootstrap a lending market focused on stablecoins, enabling a foundational money lego to generate local currency-derived yield. The market will