HaloDAO Protocol is a decentralized application platform designed to provide optimized swaps between stablecoins and other crypto assets through an automated market maker. It also enables stablecoin lending markets.

The network is initially launched on Ethereum in version zero and will be launched on Binance Smart Chain and Polygon.

RNBW is the native utility token used for:

1. Governance participation to determine resource allocation
2. Earning a portion of stablecoin profits when actively staked and voting in governance
3. Collateral for Lending Markets
4. Collateral for AMM liquidity

HaloDAO Protocol includes:

1. A stablecoin optimized Automated Market Maker (AMM) with a custom bonding curve for swapping between differently priced stablecoins
2. A stablecoin risk profile optimized Lending Market that increases collateral utility compared to volatile cryptocurrencies
3. Optimistic governance (off-chain voting, on-chain execution)
4. RNBW liquidity rewards and vesting via the xRNBW vesting token

Number of RNBW tokens in circulation: HaloDAO Protocol launched on the mainnet on June 24, 2021, with a capped token supply of 100 million.

Founders: HaloDAO Protocol is launched by the HaloDAO Foundation. The founder and Protocol Lead is Jun Ming Yong, who has a lifelong fascination with increasing financial inclusion and previously worked at Ethereum Venture Studio ConsenSys. Christopher Verceles, also from ConsenSys and previously involved in Project i2i with Unionbank, joined Jun to work on HaloDAO. The purpose of HaloDAO is to ensure the development of local stablecoin liquidity. HaloDAO aims to collaborate with regulated e-money partners like TrustToken to bridge the gap between traditional finance and decentralized finance.

HaloDAO Protocol is a decentralized application platform designed to provide optimized swaps between stablecoins and other crypto assets through an automated market maker. It also enables stablecoin lending markets.

The network is initially launched on Ethereum (version zero) and will be launched on Binance Smart Chain and Polygon.

RNBW is the native utility token used for:

1. Governance participation to determine resource allocation
2. Earning a portion of stablecoin profits when actively staked in vesting and voting in governance
3. Collateral for Lending Markets
4. Collateral for AMM liquidity

HaloDAO Protocol includes:

1. A stablecoin optimized Automated Market Maker (AMM) with a custom bonding curve for swapping between differently priced stablecoins
2. A stablecoin risk profile optimized Lending Market that increases collateral utility compared to volatile cryptocurrencies
3. Optimistic governance (off-chain voting, on-chain execution)
4. RNBW liquidity rewards and vesting via the xRNBW vesting token

Number of RNBW tokens in circulation: HaloDAO Protocol launched on the mainnet on June 24, 2021, with a capped token supply of 100 million.

Founders: HaloDAO Protocol is launched by the HaloDAO Foundation. The founder and Protocol Lead is Jun Ming Yong. Jun has a lifelong fascination with increasing financial inclusion and has previously worked at Ethereum Venture Studio ConsenSys. Christopher Verceles, a co-founder from ConsenSys who previously worked on Project i2i with Unionbank, joined Jun to work on HaloDAO.

The purpose of HaloDAO is to build local stablecoin liquidity. Currently, there is no other stablecoin project that has succeeded beyond the USD. HaloDAO aims to work with regulated e-money partners such as TrustToken to bridge the gap between traditional finance and decentralized finance.