KernelDAO and WIFI reach cooperation, USD1 becomes a re-mortgage asset

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According to ChainCatcher's news, the official message states that Kernel DAO today announced a partnership with World Liberty Finance, introducing USD1 to the Kernel platform as a restakable asset. This marks the first time USD1 has been used to provide economic security for a third-party application.

Based on the information released by Kernel DAO, users can restake USD1 on the Kernel platform to provide economic security support for applications, while earning Kernel points as a reward.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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