Andrew Yang would love this new token project, but can it succeed?

Multi-asset trading platform eToro recently announced the official launch of GoodDollar — a non-profit initiative that plans to leverage decentralized finance as a means to offer a “digital basic income” to its users. Yield-farming, interest from staking, fees from liquidity mining, and other new yet to be created de-fi innovations are all different ways to sustainably create and source value to fortify the GoodDollar reserve.”.

GoodDollar is backed by a monetary basket of crypto assets whose value is derived from the interest generated by third-party permissionless protocols. At launch, DAI will be the first crypto asset supported in GoodDollar’s monetary reserve, while Compound is set to become the platform’s first integrated protocol.

Timeline of Dai, Multi-collateral-dai, Single-collateral-dai