Overview
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UWU Protocol is a stablecoin protocol built on that offers zero-interest loans with no repayment date. Users can deposit STX as collateral and borrow up to 66% of the dollar value of their deposit in the form of UWU Cash (UWU), the fully-backed and unstoppable stablecoin of UWU Protocol.
With UWU Protocol, users can borrow up to 66% of the dollar value of their deposited STX in the form of UWU, with no interest charged. This enables users to access the present value of their STX without losing out on any potential future gains.
UWU Protocol uses liquidations to ensure that UWU is backed by sufficient collateral. During a liquidation, liquidators are able to acquire collateral by repaying debt.
UWU serves as a payment method, store of value, and can be transferred globally without the need for intermediaries. Moreover, developers have the opportunity to build upon UWU Protocol, creating use-cases for UWU.
Most commonly, UWU Protocol is accessed via a web interface. Currently, the only available web interface is located at . Additionally, you'll need a containing some STX.
Here are some of the key features of UWU Protocol:
Zero-interest loans with no repayment date
Borrow up to 66% of the dollar value of your STX
Participate in liquidations and buy discounted STX
Governance-free and trust-minimized protocol
Currently, UWU Protocol issues one token:
The fully-backed and unstoppable stablecoin of UWU Protocol