This launched late October to little fanfare due to the lack of a Public Sale and general market malaise. Basically Defidollar is a Curve AMM backed stablecoin hedge. Competitors like mStable keep a 1:1 peg with the coins they support and assume they will return to their native peg should these assets experience any volatility. Defidollar runs on the assumption DAI, USDT, USDC etc. can collapse at any moment and use Curve LP tokens in yVault to leverage smart yield generator to insure protection should a doomsday scenario happen with a particular stablecoin. Current TVL is about $10.1 million with many big players invested in the platform like Coingecko, Metacartel and Bollinger. Along with personal investment from the CEOs of Synthetix, Matic and many more. Right now DFD is ranked about #720 on Coingecko which makes it the lowest ranked ETH Defi project on Coingecko's DEFI subcategory. Pieces of shit like Hedget and Auctus are worth more. Also there will be fee sharing for DFD holders. Get in or stay poor.
Every new network needs a virtuous cycle of token distribution, where the most meaningful supporters of network security and utility are rewarded for their efforts DFD is in this for a long period, but also understands the need for the establishment of viable tokenomics such that it can attract and grow users who contribute value into the system, supporting token price. This is the best part about DFD, they can achieve whatever from a technological perspective and do it in no time. They're in it to win it for the long term. They recognize they have something highly unique on their hands. They bury their heads in the coding process. They value running code over promises/shills. The team has an ear to the ground and value the community above anything I've ever experienced working in this space for 6 years.
