Offshift anonUSD(ANONUSD)

Stablecoin Information

Offshift anon is an on-chain, non-custodial platform that preserves user privacy while maintaining yield potential. Users can burn XFT to mint on-chain synthetics called anonAssets via Shifting, which makes them anonymous. AnonAssets are standard ERC20 tokens, eliminating yield-related tradeoffs associated with privacy

Category:algorithmic

Minting and Redemption

To mint synthetics in the Offshift Ecosystem, users select and open a PriFi Application, and connect an ERC20 wallet. If a user possesses a positive XFT balance and sufficient ETH to cover gas fees, he/she may conduct a **Shift** and enter the Offshift Ecosystem’s private (anonymous and/or confidential) side via the Burn-and-Mint Mechanism

Audits:No