- A stablecoin built out of a DEX
Serenus is a crypto-only collateral stablecoin pegged to the US dollar that creates ERC20-compatible serenus (SRS) by transferring volatility from users holding ether to issuers who are willing to go leveraged long ETH/USD.
The specialized DEX provides very good prices to swap between ether and serenus and back again. Serenus is far more scalable and efficient than crypto-loaning systems.
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