Top 5 RAX Competitors & Alternatives

A distributed ledger based on directed acyclic graph (DAG). Unlike centralized ledgers and blockchains, access to Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open. There are no middlemen, no miners, no blocks. Unlike blockchains, censorship is impossible. MEV is impossible either.

Counterstake is a permissionless and fully decentralized cross-chain bridge. There are no admins, no central operators, no owners, no custodians. Participation in the protocol is open, there are no designated multisig participants, federated signers, or threshold signatures. All transfers are direct, there are no central hubs or relays. No token is required to use the protocol. There are no protocol fees. The code is immutable, not upgradable, unstoppable. There are no access controls, no gatekeepers, no KYC, no your customer.

LINE is a price-protected token. It is issued by borrowing against locking a collateral. If the token's price on DEXes grows after borrowing, the user will be able to sell it for profit. If it falls, the user will be able to repay the loan and get their collateral back (less fees). This is what ensures price protection. LINE is the first and only price-protected token so far. LINE was developed by the Obyte (https://obyte.org) team and launched in July 2023 on the Kava network. Since 2016, the Obyte team has developed the Obyte DAG and a number of apps and features that were first of its kind. LINE token can be borrowed at linetoken.org for GBYTE collateral and bridged to Obyte (https://obyte.org) in order to get a share of Kava Rise rewards. Kava Rise is a program that rewards dapps for the TVL they create on Kava. LINE users contribute to the TVL twice: by locking the collateral to borrow LINE and by bridging the tokens to Obyte via Counterstake bridge (https://counterstake.org). Most of the rewards that LINE and Counterstake dapps receive will be distributed among users who actually create the TVL by borrowing LINE and bridging the tokens to Obyte via Counterstake bridge. The estimated APY is 8% but it can vary depending on Kava Rise rewards and LINE token price. Even though the rewards can vary, the borrower's LINE position is price-protected, and they can always bridge LINE back to Kava, repay the loan, and get their collateral back (less fees). Users can also get liquidity mining rewards by providing liquidity to LINE pools on DEXes. Individual loans can also be sold as NFTs. They represent a put option which is a popular trading instrument used to hedge against the price going down. For more information please visit https://linetoken.org.