Collateral pool: A pool of VELO tokens used by the Digital Reserve System backing specific issued digital credits.

26 Oct 2022, 11:24
✏️Collateral pool: A pool of VELO tokens used by the Digital Reserve System backing specific issued digital credits. ✏️Digital Credit Issuance System: A primary component of the Velo Protocol. The Digital Credit Issuance System issues digital credits pegged to any fiat currency. ✏️Digital Reserve System: A primary component of the Velo Protocol. The Digital Reserve System automatically rebalances the VELO token collateral pools to maintain a 1:1 value ratio between issued digital credits and their related fiat currency. ✏️Federated Credit Exchange Network: A unique distribution network that connects an array of traditional, centralized, and decentralized finance partners. ✏️Velo Labs or Velo Labs Technology Ltd.: A fintech company currently serving business partners in Southeast Asia. Velo Lab’s mission is to build a CeDeFi ecosystem to connect the world’s capital and drive access to financial products globally. ✏️Velo Protocol: A financial protocol that issues digital credits pegged to any fiat currency. It is made up of two primary components: the Digital Credit Issuance Mechanism and the Digital Reserve System. ✏️Velo Reserve Pool: A pool of VELO tokens used by the Digital Reserve System to help maintain the 1:1 value link between digital credits and their corresponding fiat currency. ✏️VELO tokens: A “bridge asset” linking the value of traditional assets to digital credits. Because VELO tokens back every transaction made on the Federated Credit Exchange Network, they serve as the network’s universal collateral. Found this glossary helpful? Give us a like!👍🏼 #TheFutureIsVelo #Velo #CeDeFi #VeloLabs