WHAT IS DEFIDOLLAR . DefiDollar protocol is a two token ecosystem with $DFD and $DUSD co-existing.
10 May 2021, 04:45
WHAT IS DEFIDOLLAR ?
DefiDollar protocol is a two token ecosystem with $DFD and $DUSD co-existing.
DFD - The Governance Token , Not pegged market forces determine price.
DUSD - The stablecoin Index, Pegged to $1.
DUSD is a stablecoin index that uses DeFi primitives to stay close to the Dollar mark. DUSD offers investors an opportunity to index varying stablecoins in its single token. This invariably protects such users from any underlying risks that may be attached with such tokens.
The stablecoin is collateralized by the Curve Finance liquidity provider (LP) tokens on Ethereum nad Nerve Finance LP tokens on BSC. Accordingly, Curve & Nerve are is used to make underlying swaps during deposits & withdrawls. They also plays a major role in the stabilization of the token.
Ethereum App :
BSC App:
📌 Introduction to Defi Dollar
📌 DefiDollar on BSC — BSC's 1st Stablecoin index and Savings Account
📌 Interest bearing tokenized Bitcoin (ibBTC)
⭐️ Important Info ⭐️
🛣️ Roadmap :
DFD Ethereum <> BSC Bridge :
🔒Audits :
🔖 Tokenomics :
🚨 Contract Addresses :
DFD (Ethereum) - 0x20c36f062a31865bed8a5b1e512d9a1a20aa333a
DUSD (Ethereum) - 0x5bc25f649fc4e26069ddf4cf4010f9f706c23831
DFD (BSC) - 0x9899a98b222fcb2f3dbee7df45d943093a4ff9ff
DUSD (BSC) - 0x154C28BA3736ee4e5E89E0081a00F04ec67992F0
📊 Coingecko :
DFD:
DUSD:
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