About DefiDollar

DefiDollar (DUSD) is a cryptocurrency and operates on the Ethereum platform. DefiDollar has a current supply of 16,697,847 with 0 in circulation. The last known price of DefiDollar is 0.64251794 USD and is up 0.00 over the last 24 hours. It is currently trading on 33 active market(s) with $26,195.41 traded over the last 24 hours.

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DUSD Price: $0.00

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Market Stats

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Performance

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Volume (7D)

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Additional details

Market details

DUSD vs markets

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DUSD vs BTC

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DUSD vs ETH

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Tags

Network & Addresses

Network
Address

Ethereum

0x5BC25f649fc4e26069dDF4cF4010F9f706c23831

Price history

Time
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Today
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1 Day
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1 Week
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1 Month
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1 Year
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FAQ

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.

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

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Social stats

Popularity in posts

#1535

Contributors

58

Posts

88

% About DefiDollar

0.013%

Articles

0

X (Twitter)

47.06% bullish

Sentiment

4.4 ★

Highlights

58 unique individuals are talking about DefiDollar and it is ranked #1,535 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, DefiDollar has an average sentiment score of 4.4 out of 5. Finally, DefiDollar is becoming less newsworthy, with 0 news articles published about DefiDollar.

On Twitter, people are mostly bullish about DefiDollar. There were 51.95% of tweets with bullish sentiment compared to 10.39% of tweets with a bearish sentiment about DefiDollar. 48.05% of tweets were neutral about DefiDollar. These sentiments are based on 85 tweets.

On Reddit, DefiDollar was mentioned in 1 Reddit posts and there were 18 comments about DefiDollar. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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