What is Traverse? How To Use Traverse For Avalanche Users

To make the price of crypto currency more stable on the trading markets, many DAO projects have been launched recently with many kind of solutions. So let take a look at Traverse of Avalanche with Avaxholic in today's article. What is Traverse? ​Traverse is the first of its kind Interoperable Reserve Currency protocol currently available on the Avalanche Network based on the VERSE token. Traverse's goal is to build a policy-controlled currency system, not only native to the Avalanche network & beyond. They intend to achieve price flatness for a representative basket of goods without the use of fiat currency. Currently, most of the decisions are taken by the core team & administered by Lydia finance through a multi-sig, but Traverse expects to be able to turn into a DAO-governed model soon. VERSE is Traverse's native token, used for staking. Each VERSE token is backed by a basket of assets (e.g., DAI.e, VERSE-AVAX LP Tokens etc) in the Traverse treasury, giving ...
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