New Strategic Partnership: Introducing Collateral
Just when you thought DuckDAO would slow down, we accelerate again! And now, we’re continuing our breakneck pace of growth, by announcing our latest strategic partnership!
As we’ve tried to highlight since we were established last year, we are all about empowering the majority rather than the few, and we’ve built our extensive list of partnerships around that vision.
That’s why we’re pleased to announce that we have agreed a strategic partnership with Collateral — a platform we believe will act as an important intermediary between the fiat and crypto economies through its unique range of Polkadot-powered products.
As a strategic partner, we will be working with Collateral on a number of fronts, including marketing, growth, and strategy — helping it hit the ground running!
What is Collateral?
Collateral is a next-generation payment gateway that acts as a bridge between the crypto and fiat worlds — by allowing users to store, stake, loan, and spend their digital assets anywhere, anytime.
Through Collateral Pay, users can safely lock their cryptocurrencies in a smart contract via the Collateral app. Collateral will then make a fiat payment directly to any merchant that supports Collateral, and users can retrieve their cryptocurrencies by repaying what was spent.
All of this is done at the point of sale — meaning no need to pre-arrange anything. This allows merchants to easily reach long-term cryptocurrency holders, while users can extract spending power from their assets without losing out on its long-term appreciation.
Among its numerous other products, Collateral is also introducing Collateral Loan — a solution that allows users to take out low CLV, low-interest loans using their cryptocurrencies to make fiat payments to merchants that don’t yet accept Collateral. Users retain ownership of their collateral while it appreciates, and can retrieve their deposit by simply repaying their loan.
COLL is the native utility token of the Collateral ecosystem. COLL holders benefit from impressive staking APRs and receive a share of the fee derived from merchant fees and sold COLLs. On top of this, COLL tokens can be used to earn COLLG — a secondary token used for platform governance.
COLL staking pools will be available on the same day as TGE, ensuring users can stake their tokens to earn a reward from day 1.
Learn more about the project:
Find Out More About DuckDAO
DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast track their progress on the path to success.
Who will win? One VC or TEN thousand ducks?
COLLATERAL is the next generation payment gateway built on Polkadot and accessed through an interoperable crypto wallet, granting access to spending power by using crypto as collateral at the point of sale. The platform allows users to pay instantly by using crypto as collateral, giving its global user base access to funds and the ability to pay and spend crypto instantly anytime, anyplace, anywhere.
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Thanks for joining us at Collateral!