goStables - Decentralized Stablecoins for the Caribbean

Hey all, we’ve added 5 more gStables to Nile testnet:

gCAD - Canadian Dollar
gAUD - Australian Dollar
gAED - UAE Dirham
gGHS - Ghanian Cedi @Nana66419 @Prince-Onscolo
gCOP - Colombian Peso

Now, there’s a current total of 20 gStables to experiment/play with on Nile UI.
Docs have also been updated with the relevant Nile contract addresses.

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Thanks for the update and thanks for adding our local currency :handshake:
Add naira too we have brothers from Nigeria who are very active too. We want to play with our currencies lol… thank you and keep building

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Sure. Dapp on Nile has been updated

image

Have fun… maybe build some cool stuff with this on Nile, maybe for future hackathons etc

Cheers

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Thats great, will definitely try it out this evening, but to collect data about the currencies in Africa, you need like 10 sources, because the rates are different in all areas.

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Yep, this is where our data is pulled from - https://api.exchangerate.host/sources
https://exchangerate.host/sources#/#faq

There’s already aggregation done at that source level and some of their sources aggregate as well.

We built the protocol so we can potentially add other sources in the future but this has to be thought out and well planned.

There’s services like Wink on Tron (based on ChainLink on EVMs) which has a “flux aggregator” but there’s only crypto prices there atm. goStables is but one price source for forex price data on Tron but others would need to add their own nodes to to make that work well with Wink. But if no one is using/building on what is already there, then who’s the other nodes that are going to cover the cost of TRX/energy/bandwidth for pushing all this data onchain?

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Thats very great, i know you trust you source you are getting the data from, and i also trust that source, but in Africa, governments can decide to rise and fall their own currency anyhow largely based on the sentiments of the people.

If the citizens complain the dollar is rising against the cedi and that they will vote against the government in the next election, the government brings the dollar down.

They are just running a speculative market down here.

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Hey all, 4 additional gStables have been added to the app on Nile testnet to explore and experiment with -

gINR - Indian Rupee

gRUB - Russian Rubles

gUAH - Ukranian Hryvnia

gGEL - Georgian Lari

New total of 27 gStables on Nile

Docs have also been updated with their relevant contract addresses.
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hmm… @fabsltsa would JM Spot Trading be open to consider integrating gStables on Nile to experiment with? I’d think there can be a good opportunity to experiment with this for supporting onchain forex trading pairs. You all could even be another source of forex price data besides just us… Lego building…

:vulcan_salute:

Thanks for the update and its always good to see these gstables expanding.

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The list of 27 on Nile testnet so far (only the first 4 are live on Mainnet for now):

Trinidad & Tobago Dollar,
Eastern Caribbean Dollar,
Barbados Dollar,
Jamaican Dollar,
Aruban Florin,
Dominican Peso,
Bahamian Dollar,
Cayman Islands Dollar,
Cuban Peso,
Haitian Gourde,
Euro,
British Pound,
Chinese Yuan (Offshore),
Hong Kong Dollar,
Singapore Dollar,
Canadian Dollar,
Australian Dollar,
UAE Dirham,
Ghanaian Cedi,
Colombian Peso,
South African Rand,
Nigerian Naira,
Kenyan Shilling,
Indian Rupee,
Russian Ruble,
Ukrainian Hryvnia,
Georgian Lari,

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@PorkyPork can see with you. I can’t help with that.

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Hey all, we’ve added 8 more gStables to Nile Testnet for anyone to experiment with. This brings the new total to 35 available on nile.gostables.org . We’ll stop here for now with new Nile deployments unless someone asks us to add new ones for them to play, experiment with.

Thai Baht
Indoesian Rupiah
Japanese Yen
Korean Won
Swiss Franc
Turkish Lira
Israeli Shekel
Brazillian Real

We added these and in particular gILS as a proof of concept based on this:

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well done
Keep working :facepunch:t4::facepunch:t4:

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Gracias por la información, me parece perfecto el surtido de gostables que disponen

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That is quite impressive. Thanks you for the update

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Hey all,

8 additional gStables are now live on Mainnet for use. This brings the total to 12 on Mainnet | 35 on Nile Testnet.

Thank you for your support!

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congrats team,
keep building

You guys are doing great. Keep it up

Hola, te felicito está perfecto, sigue creando calidad

if there’s anyone here who would like to vote for goStables Protocol to be validated via Magic Square Community Validation please see:

https://snapshot.org/#/magicappstore.eth/proposal/0x5d730509daca54f9daf15d3ee9f3b2133366660a568880af4ef2037d12924c2d

Thanks!

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done
username: Onscolo

https://snapshot.org/#/magicappstore.eth/proposal/0x5d730509daca54f9daf15d3ee9f3b2133366660a568880af4ef2037d12924c2d

2 Likes