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IOST Now Accepted as Collateral Asset on DeFi-Focused Bidao

IOST Now Accepted as Collateral Asset on DeFi-Focused Bidao | BTCMANAGER

The delegated Byzantine-Fault-Tolerant (dBFT), decentralized, and blockchain agnostic platform, Bidao, now supports IOST as a collateral asset on its decentralized finance (DeFi)-dedicated ecosystem as per a Medium post shared on July 31. With this announcement, it means IOST coins can be locked up in Collateralized Debt Positions (CDPs) to generate the network’s stable…