Constant helps Digix (DGD & DGX) holders borrow against their tokens at their own rates and terms

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CALIFORNIA — June 21st, 2019Constant, a decentralized finance project, today announced it accepts Digix tokens on its fully secured peer-to-peer lending platform. Holders of both DigixDAO (DGD) and Digix Gold (DGX) can now use their tokens as collateral for loans at preferred interest rates, without credit checks or paperwork.

This marks the beginning of a strategic partnership that will deliver new value and liquidity options for both communities. Constant is currently working to onboard Digix assets on the invest side, too. In the coming weeks, DGX holders will also be able to invest their tokens for returns of 12% APR or more.

“Digix put gold on the blockchain, so they’re well on their way to creating an internet of value,” said Duy Huynh, founder of Constant. “Commodities like gold are important assets, but we need a better way to manage them and blockchain technology is key. Digix is leading this movement and we couldn’t be happier to partner with them to add value to their users.”

Constant has matched over $400,000 in loan volume since its launch in mid-May. All loans are secured by collateral in the form of digital assets, making it one of the first fully secured peer-to-peer lending platforms. Both borrowers and investors set their own rates and terms, giving control of the market to users, secured and administered by algorithms, smart contracts, and cryptocurrency collateral.

“Gold has long been a safe haven for investors, prized for its stability and liquidity,” said Huynh. “Now Digix has tokenized gold, it’s also borderless, cryptographically secure, and easier to buy for the everyday investor. And with Constant, you don’t need to sell up those tokens whenever you need fiat — just put them up as collateral and get them back when you repay.”

The relative stability of Digix tokens is a boon to both borrowers and investors in Constant’s P2P lending platform. Borrowers concerned about the volatility of their collateral will welcome Digix as a price-stable alternative, and investors, too, need worry less about losing interest in the event of a sale mid-term. With Constant bringing additional utility to the Digix ecosystem, one could argue the partnership is a win-win.

For more information, please visit:

https://www.myconstant.com/

Access Constant’s Media Kit:

https://bit.ly/constantmedia

Media contact:

Chris Roper

Communications at Constant

chris@myconstant.com

Headquartered in California, Constant is an alternative financial services platform designed to strip out the inefficiencies of the traditional banking industry and help people get more out of their money. Constant was founded by a team of scientists, economists, engineers, and designers, fully devoted to the mission of building simple, elegant financial tools for an increasingly interconnected world.

DigixDAO aims to be a self-organizing community on the Ethereum blockchain that actively involves its token holders in decision making and shaping the direction of the asset tokenization business. DGD is the governance token for DigixDAO. DGD holders participate by submitting proposals and applying for grants for projects that build the Digix and DGX ecosystem. Potential proposal ideas could include making music videos about Digix, accepting DGX as payment method in their cafe, starting a Digix cafe, amongst many possible ideas.

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