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.
Linear unlock and fully-diluted mcap doesn't matter. You should know that already.
Leo Hill
WHO ARE THE CUTNS SHILLING THIS?! People are still accumulating you pajeets
Joshua Nguyen
How many do I need to make it?
Xavier Stewart
The DFD token will be used to make critical protocol decision like the following:
>Whitelist & remove peaks >Assign peak ceilings similar to the ones in Maker Vaults to balance the index >Fine tune parameters like redemption fee within a peak >Decide on the distribution of the protocol income >Fee sharing (control over the DeFi Dollar Treasury)
DFD will also be called in to act as the ultimate backstop against volatility. Similar to the fashion in which MKR acts as the last line of defense for DAI.
Now you see that DFD is like MKR except with a basket of stablecoins. There's your explanation, you dumb faggot . Why don't you read the fucking docs?
