About Glove
Glove has built "Wrapped USD" (WUSD) stablecoin, the first governance-free, immutable, multi-fiatcoin wrapper stablecoin for the 6 USD fiatcoins (USDT, USDC, BUSD, USDP, TUSD, and GUSD.) GLO is the governance token of the protocol, and even it might seem a honeypot, its not, our model states that people will be able to trade/transfer it once they get credit, based on amount wrapped: https://learn.utility.credit
That's the great difference from DAI or FRAX, WUSD contracts are immutable because they don't support any function that can change its parameters!
Glove was born 3 days ago from LobsterDAO (https://twitter.com/10b57e6da0) private chat.
Our plan is to get WUSD listed in some tier-1 DeFi protocols, such as Aave, Curve...
