Price
$0.98
12/10/2022, 10:06:12 AM

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DefiDollar can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

-

Volume (24h)

$212,863.22

Circulating supply

-

All time high

$1.59

Price change (1h)

+4.13%

Price change (24h)

+0.98%

Price change (7d)

+3.57%

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DefiDollar is on the rise this week.

The price of DefiDollar has risen by 3.57% in the past 7 days. The price increased by 0.98% in the last 24 hours. In just the past hour, the price grew by 4.13%. The current price is $0.98 per DUSD. DefiDollar is 38.48% below the all time high of $1.59.

The current circulating supply is 0 DUSD.

About

What Is DefiDollar (DUSD)?

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:

  • Users can diversify their stablecoin portfolio by acquiring a meta asset backed by several stablecoins.

  • DUSD ensures volatility cushioning through a native staking mechanism that eases the peg's daily stablecoin deviations.

  • DUSD is created with a mindset of modularity that makes it easy to integrate with DUSD smart contracts that ensure wider adoption of the DefiDollar protocol.

  • Lastly, the users can yield rewards with yield farming by adding or staking DUSD liquidity at various DEXs and DeFi protocols.

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.

History of DefiDollar (DUSD)

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.

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FAQ

What is the current price of DefiDollar?

The price of 1 DefiDollar currently costs $0.98.

What is the market cap of DefiDollar?

The current market cap of DefiDollar is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of DefiDollar?

The all-time high of DefiDollar is $1.59. This all-time high is highest price paid for DefiDollar since it was launched.

What is the 24 hour trading volume of DefiDollar?

Over the last 24 hours, the trading volume of DefiDollar is $212.86K.

What other assets are similar to DefiDollar?

Assets that have a similar market cap to DefiDollar include PornVerse, Zoo Token, CrypWorld, and many others. To see a full list, see our comparable market cap assets.

How many DefiDollar are there?

The current circulating supply of DefiDollar is 0.