NZDS is a New Zealand Dollar (NZD) Stable Coin backed 1:1 with physical New Zealand Dollars in a cash and cash equivalent treasury managed by a New Zealand registered financial services provider. The crypto currency is issued by Techemynt (https://www.techemynt.com/) a New Zealand Registered Financial Service Provider.
$NZDS is backed 1:1 with physical New Zealand Dollars in a cash and cash equivalent treasury managed by a New Zealand registered financial services provider, $NZDS offer crypto users the stability of the New Zealand Dollar with the utility that digital currencies allow. The stablecoin has been designed to be 100 percent transparent at all times, with EY attestation reports posted on Techemynt’s website.
Techemynt has launched a new website and investor portal with a streamlined processes for buying and staking $NZDS, as well as additional exchange and OTC listings, all of which will widen the reach of the stablecoin.
On DFX.finance you can earn 18.81% by providing liquidity to the NZDS/USDC liquidity pool. This pool receives 73,585.00 DFX every 30 days and this is distributed to those who are in the pool.
As always, you do run the risk of impermanent loss when providing liquidity. Impermanent loss is one of the risks liquidity providers take on when they join liquidity pools. Essentially when you deposit tokens into a liquidity pool and its price changes a few days later, the amount of money lost due to that change is your impermanent loss. The other risk is that of the DFX token that the interest is being paid out on falls in value.