About DefiDollar
Market Stats
Market Cap
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FDV
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Performance
Popularity
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Dominance
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Volume (24H)
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Volume (7D)
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Volume (30D)
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All time high
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Overall Price Change (1Y)
Additional info about DefiDollar
Networks and details
Price history
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
Market details
Performance against other markets | Not enough data |
Performance against BTC | Not enough data |
Performance against ETH | Not enough data |
Performance in the past year | Not enough data |
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.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2787
Contributors
29
Posts
608,390
% About DefiDollar
0.008%
Hold times
0 days
X (Twitter)
43.14% bullish
Sentiment
4.6 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
29 unique individuals are talking about DefiDollar and it is ranked #2,787 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 4.6 out of 5. Finally, DefiDollar is becoming more newsworthy, with 0 news articles published about DefiDollar. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about DefiDollar. There were 43.14% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about DefiDollar. 56.86% of tweets were neutral about DefiDollar. These sentiments are based on 51 tweets.
On Reddit, DefiDollar was mentioned in 1 Reddit posts and there were 3 comments about DefiDollar. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.