AQU meaning in Cryptocurrency ?

Answer:

Aquarius is a fork of the Liquity protocol in the Fantom network. Aquarius has the features and benefits consistent with the Liquity protocol. In addition, based on the concept of Liquity, we have designed a new tokenomics to adapt to the fantom network.

The core features of Aquarius is as belows:

By staking FTM assets, Stablecoin (aUSD) of zero interest-fee is minted to improve capital utilization. Minimum collateral ratio of 110% — more efficient usage of deposited FTM Governance free — all operations are algorithmic and fully automated, and protocol parameters are set at time of contract deployment Directly redeemable — aUSD can be redeemed at face value for the underlying collateral at any time Fully decentralized — Aquarius contracts have no admin keys and will be accessible via multiple interfaces hosted by different Frontend Operators, making it censorship resistant. Token (AQU) holders can earn aUSD (Borrowing fee), FTM (Redemption fee) and AQU (Tranfer fee).

In view of the perfect system and success of Liquity, we expect Aquarius to be the next MakerDao in the Fantom network. With the growth of Fantom network, aUSD might become one of the important Stablecoin assets.

We hope that Aquarius would become the fundamental financial infrastructure in Fantom network.

reference nan