Gold Standard DAO to Revolutionize Gold Earning on Syscoin

We are proud to announce a partnership with The Gold Standard DAO (Decentralized Autonomous Organization) to integrate its technology into our ecosystem. This partnership aims to provide a number of benefits for Syscoin users, including the ability to easily earn gold through The Gold Standard DAO’s yield aggregation technology, increased security and transparency, and an expanded reach and user base.

Once Syscoin's Layer 2, Rollux is ready, users will be able to easily earn gold through yield farming without having to navigate through multiple different platforms using The Gold Standard DAO’s technology. The Gold Standard DAO uses a combination of smart contracts and cross-chain integration to aggregate the best yield farming opportunities across different DeFi platforms, and automatically allocates user’s assets to these opportunities.

The partnership will also provide added protection against fraud and other malicious activities for Syscoin users. The Gold Standard DAO’s technology is designed to ensure that digital assets and blockchain projects meet a set of strict standards, including security and transparency.

In addition, the partnership will allow Syscoin to expand its reach and user base by tapping into The Gold Standard DAO's growing community of users who are interested in earning gold through yield farming.

This partnership is a step forward in the integration of DeFi and blockchain technology, and it’s expected to bring more innovation and efficiency in the way people earn and use gold on Syscoin's platform.

Stay tuned for launch details. Gold Standard DAO will soon be integrating Syscoin into their updated 2023 roadmap.


About Gold Standard DAO

Gold Standard DAO offers a host of new & innovative DeFi products that utilize vaulted, audited, insured, & verifiable gold bullion. It allows users to deposit the USDC stablecoin into the protocol, which then places funds in the best APR pool available at the time. The yield is provided in tokenized gold. 

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About Syscoin

Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.

Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true scalability via Optimistic, ZK-Rollups, Cross-chain ZK-Rollups and other Layer 2 technologies.

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Jan 21, 2023 by Syscoin Foundation