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DefiDollar (DUSD) is not tradable on Coinbase.

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DefiDollar

DUSD

About DefiDollar

DefiDollar (DUSD)is a multi-chain DeFi protocol lab that aims to create a range of products that allows DeFi to reach the masses. The platform seeks to make DeFi easy and safe, encouraging people to adopt the protocol. The DefiDollar platform is a meta stablecoin index presently backed by the Curve Finance LP tokens. Curve Finance is a decentralized exchange liquidity protocol built on Ethereum and designed for efficient trading of stablecoin.

DUSD is the official native cryptocurrency that utilizes DeFi primitives to stay near the USD mark. The stablecoin's stability mechanism is based on chainlink oracles. The platform enables Curve to manage the logic associated with connecting with loan protocols and token swaps, critical components of DUSD stability. The platform also aims to provide a staking mechanism for further peg protection. Users can utilize DUSD for various purposes:

Along with DUSD, the platform also features the DFD token, the governance token. The DFD token grants the holders the right to take part in the governance of the ecosystem for all products developed by the lab. Users holding DFD tokens can make proposals and stake the v2 staking vault on Ethereum to yield revenue from products of the protocol.

The core team of DefiDollar includes the names Arpit Agarwal, Deep Joshi, Manthankumar Satani, and Siddhartha Jain. As the roadmap suggests, in Q3 2020, the platform started with protocol audits; the DefiDollar app was launched along with the official website and docs of the platform. In Q4 2020, the platform introduced the first liquidity mining pools, and the governance proposal went live. In Q1 and Q2 of 2021, there was talk about index diversification, ibBTC Launch, and deployment of DefiDollar on BSC. BSCis a platform that facilitates fast and decentralized trading.

Market

Market stats

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Market cap

Not enough data

Volume (24h)

Not enough data

Circulating supply

Not enough data

All time high

Not enough data

Market performance

Price change (1h)

+100%

Price change (1d)

+100%

Price change (1w)

+100%

Price change (2w)

Not enough data

Price change (1m)

+100%

Price change (1y)

-5.76%

Market benchmarks

Performance (1Y)

Not enough data

Vs. Market (1Y)

Not enough data

Vs. BTC (1Y)

Not enough data

Vs. ETH (1Y)

Not enough data

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DefiDollar is on the rise this week.

The price of DefiDollar has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. DefiDollar’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of DefiDollar?

We update our DefiDollar to USD currency in real-time. Get the live price of DefiDollar on Coinbase.

What other assets are similar to DefiDollar?

Assets that have a similar market cap to DefiDollar include Artmeta, Rangers Fan Token, LFGSwap Finance (Core), and many others. To see a full list, see our comparable market cap assets.