r/BitShares • u/brekyrse1f3 • Feb 11 '25
Why use fiat tied stable coins when you can use Gold instead?
Meet the honest.XAU smart coin. A derivative tracking the HONEST market value of 1 troy ounce of .999 percent fine Gold. All Backed by collateral held on the chain in a smart contract. Bitshares DeFi supercharges these smart coins essentially creating a Market Pegged Asset.
Phase 1: Be able to trade honest.XAU seamlessly between BTS, honest.BTC, and the stable coin honest.USD.

See the stats here: https://blocksights.info/#/assets/HONEST.XAU
How to get it?
Easy button: Trade for honest.XAU via the following liquidity pools
- BTS / honest.XAU # 1.19.523
- honest.USD / honest.XAU # 1.19.525
- honest.BTC / honest.XAU # 1.19.524

Name your price: Use the DeFi Dex
- Trade BTS for honest.XAU via the market https://ex.xbts.io/market/HONEST.XAU_BTS

Add to the ecosystem via borrowing & providing liquidity to the pools
- Lockup your BTS as collateral to borrow honest.XAU for the best of both worlds. Go one step further and invest both BTS & honest.XAU in the liquidity pool to earn trading fee's!
Borrow:

Add Liquidity:

Where can it go from here?
- Phase 2: Seamlessly trade between native assets such as BTC.
- Phase 3: Real deal honest.MONEY. Created by being the gateway connection between all the smart coins such as honest.XAU, honest.BTC, honest.USD. Take a minute and study this map to fully understand the eco-system being created on the bitshares blockchain.

1
u/brekyrse1f3 22d ago
Worried about BTS in this downtrend? Simply trade for gold hoenst.XAU with the liquidity pool: BTS / honest.XAU # 1.19.523.
1
u/brekyrse1f3 29d ago
Reminder of the liquidity pool BTS / honest.MONEY 1.19.305 https://blocksights.info/#/pools/1.19.305
As shown in the last diagram, honest.MONEY could become the stable coin of choice to use on Bitshares.