แปลง Crafting Finance CRF เป็น Mountain Protocol USDM

Crafting is an innovative synthetic asset issuance and trading platform.Crafting supports the issuance of synthetic assets such as options futures and other derivatives, stablecoins and bonds, as well as fragmented assets from NFT and even more complex programmable synthetic assets.Crafting uses a Synthetix-like SDP trading format that aggregates the liquidity of individual assets (trading pairs) and enables zero-slip trading.As a synthetic asset issuance platform, Crafting requires asset pledges to generate synthetic assets, and Crafting supports pledges of multiple assets, including BTC/ETH/DOT and even NFT, such as Punk and various Gamefi game assets, which can bring in more users.The adapted WASM VM developed based on INK,is currently ready to be deployed on Near, Solana, Acala and Plasm.

The USDM token is a rebasing ERC20 token, redeemable at a pegged 1:1 USD value by primary users. USDM is a fully backed stablecoin, backed by "USDM Reserves", which are held under custody with regulated financial institutions in bankruptcy-remote accounts, segregated from the Company's operating accounts, on behalf of, and for the benefit of, Users. USDM rebases daily, allowing users to receive rewards. These rewards are generated by the interest paid by the US Treasuries held in the USDM Reserves.