Log in/ Sign up
en
Ventures
Ecosystem
Investors
Web3 People

BabelFish

FISH

  • Lending
  • Stablecoin Protocol
  • DeFi
Established Year
2021
Operating Status
Active
Ecosystem
RSK
BabelFish's objective is to aggregate and distribute stablecoins, enhance flow, and push hyperBitcoinization. The team at BabelFish developed XUSD, a meta-stablecoin that aggregates, bridges and distributes stablecoins 1:1 across networks. It will also soon lend the collateral in blue chip protocols (e.g. Aave, Compound) to earn yield through a user savings product and lend a percentage of the protocol's collateral. The interest from lending protocol collateral will be used to purchase a Bitcoin insurance pool and reward FISH stakers on RSK.