DeFi Dollar (DFD): DeFi Blue Chip and Programmed to Pump ($4.5M mcap)

DeFi Dollar is one of those coins that will do a 20x this cycle. I think these simple facts speak for themselves.

First of all, it's got a working product live NOW (app.dusd.finance). No vaporwave. Actually works.

There's two components of DefiDollar: DUSD and DFD.

DUSD is an index of stable coins collateralized by Curve Finance liquidity provider (LP) to keep it at $1. This means it is backed by a basket of stablecoins instead of just one: USDT, USDC, DAI, and so on. The design was reviewed by Curve team as DUSD is built on top of the Curve protocol.

DFD is the governance token and backstop. It's also volatile in price. DFD is currently $4.5M mcap. For comparison, you can think of DUSD like DAI and DFD like MKR.

Here's the kicker:

>DUSD will soon be added to SushiSwap and DeFiDollar's founder recently personally spoke to 0xMaki.
>Currently, a yearn vault that will purchase DFD from the open markets is under audit to be launched this week or next.

Basically, the vault is programmed to pump DFD by using fees to rebuy DFD on the open market. Let's do some math. If just 5% of all ETH-stablecoin LPs already on Sushiswap switch over for the higher yield with DUSD, that's $35k in buybacks for DFD PER DAY.

I think we can even expect >5% of Sushiswap’s stablecoin LPs moving to DUSD because it is the only new stablecoin to be added to Sushiswap. Over $50k DFD being bought daily, on the open market, if this likely scenario happens.

>tl;dr DeFiDollar is backed by all the DeFi giants and will soon be launching a buyback vault coinciding with new SushiSwap liquidity pools. This vault will buyback tens of thousands of dollars of DFD on the open market DAILY.

Literally programmed to pump once this vault goes live this week or next. Don't miss this moon mission, biz. Could quickly become the gold standard of stablecoins for all of DeFi.

Uniswap: app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x20c36f062a31865bed8a5b1e512d9a1a20aa333a

Attached: defidollar.png (1920x1080, 153.33K)

One aspect DeFiDollar offers unlike other stablecoins is a very attractive savings product that is completely decentralized.

The savings product is a suite of product offerings (called the DUSD savings or ibDUSD). Just deposit DUSD and see your balance increase with every block. The income comes from underlying curve pools and yUSD yearn vault. At current rate, deposited DUSD into a savings account gives you a whopping ~44% APY.

Finally, DeFi Dollar has some extremely strong backing:

>Team is Ex-Matic/Google (They are doxxed)
>Angel investors include: Kain Warwick and Jordan Momtazi (Synthetix), Imran Khan and Qiao Wang (Defi Alliance), Julien Bouteloup (Currve & Stake Capital), Andrew Keys(Darma Capital), Sergei Chan(Deribit)
>Firms invested in DeFi dollar include: CoinGecko, MetaCartel, LedgerPrime, Bollinger Investment Group, and others.
>$4.5M mcap

I’m all in.

Attached: DefiDollar Backers.jpg (750x499, 57.25K)

OP you should make sure you make ot clear to these dumb fags that governance token is what they should be buying

Pajeet USD??
Why would burgers buy it instead of USDC or GUSD etc?
I get that it is good pick for buy low and sell high but ease on shill bruh, let it look natural.

When the yfi fags found out about dfd it's going straight to $10

Attached: 1790951_m.jpg (280x280, 16.75K)

It's clear if they use their brain and actually read the post,

but I should have made it clear for the absolute smooth brains, you're right.

You sir just made me buy in. Holy shit if this takes off we made it 20 times over

Read all of the OP and you’ll understand why DFD is going to $10. Easiest moon mission ever.

Are you ready for the ride, bois?

Niggers tongue my anus