/biz/ - Business & Finance

Tomorrow $DFD will be launching its Yearn inspired buy-back vaults.

Half of all revenue from DUSD staking going towards the DFD vault in the form of buybacks. DUSD revenue is dependent on the curve DUSD pool's yield, as well as the amount of DUSD in circulation (higher for both is better). Therefore, the more DUSD minted, the more DFD bought back.

Sushiswap & DefiDollar are going to incentivize an ETH-DUSD pool, which means that all LPs for USDT-ETH, USDC-ETH, DAI-ETH on Sushiswap can switch to LPing for ETH-DUSD for higher yield. The more that do this, the higher the amount of DUSD in circulation, the more buybacks for the DFD staking vault.

The more buybacks, the higher the DFD price, the higher the yield for ETH-DUSD LPs, the more DUSD minted, a positive feedback loop is born.

If just 5% of all ETH-stablecoin LPs already on sushiswap switch over for the higher yield, that's $35k per day in buybacks for DFD, or 1.5% of circulating supply per day bought at current prices.

DefiDollar is an index of stable coins that uses Defi primitives to stay near the dollar mark and subsidize the collateralization ratio.

DUSD (its stablecoin) is collateralized by Curve Finance liquidity provider (LP). It uses chainlink oracles for its stability mechanism. It leverages Curve to handle the logic around integrating with lending protocols and token swaps.

- Marketcap: $3m
- Team is Ex Matic
- Big VC’s invested:
MetaCartel Ventures, CMS Holdings, CoinGecko,LedgerPrime,
Altonomy, and Pnyx Ventures.

- Personal investors include:
CEO Synthetix, CEO Matic, CEO Frontier, Julien Bouteloup (Curve),
DeFi Alliance

- DFD is the governance token and will be used for:
1. Protocol decisions + decisions on its income
2. acting as a backstop to volatiltiy similar to MKR
3. Fee sharing + savings fund
- Currently its the lowest legit DeFi project on the Coingecko DeFi list
- The team’s main objective is to make DUSD the defacto stablecoin of DeFi
- DFD users will earn all the fees generated from the protocol

>Fee sharing soon
>Infinitely better design than onions boy Sassano's mStable.
>Already $15m TVL
>Binance connections
>Big exchanges imminent

Risk diversification: Diversify your stablecoin portfolio by owning a meta asset, backed by multiple stablecoins.
Volatility cushion: DUSD comes with a native staking mechanism that cushions the day-to-day stablecoin deviations from their peg.
Modularity: DUSD is built with modularity in mind. It is super easy to integrate with DUSD smart contracts and hence help in driving wider adoption of the DefiDollar protocol.
Yield farming: Earn yield rewards by staking and adding DUSD liquidity to various DEXs and DeFi Protocols.
The specifics of the reward distribution will be announced soon.

Dyor!
https://www.coingecko.com/en/coins/defidollar-dao

> $3.3m cap
> Coingecko, MetaCartel & Bollinger, CEOs of Synthetix, Matic & Frontier are invested amongst others.
>Ex Matic team
>Fee sharing soon
>Infinitely better design than onions boy Sassano's mStable.
>Already $15m TVL
>Binance connections
>Big exchanges imminent

DefiDollar is an index of stable coins that uses Defi primitives to stay near the dollar mark and subsidize the collateralization ratio.

DUSD (its stablecoin) is collateralized by Curve Finance liquidity provider (LP). It uses chainlink oracles for its stability mechanism. It leverages Curve to handle the logic around integrating with lending protocols and token swaps.

- Marketcap: $2.6m

- Team is Ex Matic

- Big VC’s invested:

MetaCartel Ventures
CMS Holdings
CoinGecko
LedgerPrime
Altonomy
Pnyx Ventures

- Personal investors include:

CEO Synthetix
CEO Matic
CEO Frontier
Julien Bouteloup (Curve)
DeFi Alliance

- DFD is the governance token and will be used for:

1. Protocol decisions + decisions on its income

2. acting as a backstop to volatiltiy similar to MKR

3. Fee sharing + savings fund

- Already $15m TVL

- Currently its the lowest legit DeFi project on the Coingecko DeFi list (Ranked 687)

- The team’s main objective is to make DUSD the defacto stablecoin of DeFi

- DFD users will earn all the fees generated from the protocol


Links:

Website: https://app.dusd.finance

Coingecko: https://www.coingecko.com/en/coins/defidollar-dao