OIP-38: VUSD Launch
VUSD stands for Virtual USD, a fully-reserved onchain and centralised stablecoin that was approved by the @OnyxDAO. This proposal aims to launch VUSD and launch with an initial liquidity of $25 million.
More details & to vote see below:
i dont understand , with mcap of 30 mil how is it possible to launch such heavy product ?
Is it feasible to pay 200 M XCN per month ? how is it sustainable
This proposal will have Onyx DAO partner with Chain to launch and manage VUSD as a standalone brand and product directly with Onyx. There would be an agreed payment of 200 million XCN per month …
so the 3rd party is Chain 
the parent company
all the best guys . Hope it will be a successful attempt to make onyx great
How many hours left ?
initial liquidity is 10 Millions only not 25 million
3 more hours . it will be easily passed
Succeed
congrats Guys !! Hope VUSD makes a big difference to Onyx
when it will be executed and Launched ?
The OIP is currently in the queue and can be executed in 13h
