DescriptionReal is a decentralized borrowing protocol on the EthereumPoW network that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in USDW (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 115%.

Category:crypto-backed

Minting and RedemptionUsing the Real Protocol app, users mint USDW by depositing Ether into a vault. When the loan is repaid to retrieve the collateral, the paid back USDW is burned.