SpiceUSD USDS Price 0.12839771

The core thesis of the Spice Trade protocol is that there is a need for a capital efficient system for trade among people of the world. To maintain tight pegs, the system should have deep, long-term, and protocol-owned liquidity. Our belief is that a system like this will lead to a more peaceful and prosperous future for mankind. Reduce custodial risk by using technology. Frictionless trade requires using money that doesn't change in value. A stable term is a relative term. The best money should be stable relative to national currencies, a basket of currencies, an inflation adjusted currency, in-game virtual currencies and reward points. Money is used for trade. The Spice Trade protocol can accommodate both immediate needs and future unknown use cases. One of our core values is to create an open-source environment where anyone with a good idea can contribute and build on top of the Spice Trade protocol. Capital-Efficient: While over-collateralized on-chain stable coins pioneered the non-custodial money movement, we believe they will play a relatively smaller role in the future of money. Imagine if we took the currencies out of the world. Someone has to take a mortgage against their physical assets in order to generate new money. The tight monetary system would cause any real world economy to collapse. The above reasoning is reflected in market trends. Technology continually improves. Any product, community, or nation that does not evolve will be left behind. We believe that any successful product that wants to survive the test of time needs to be a meta concept that can easily be extended and expanded from one chain to another. The current king of consensus-building is Proof-of-Stake, but who knows what the future will bring? The Spice Trade protocol is built on the idea of Starfish Topology and is designed to have zero cost.