DefiDollar Finance is a multi-chain DeFi Protocol Lab. We are building a range of products to enable taking DeFi to the masses. DefiDollar Finance product suite comprises of the following :
DUSD - The Stablecoin Index It mitigates the risk of volatility and systemic failure to stablecoin holdings by creating an index initially backed by Curve LP tokens.
Opeth - Option backed synthetic assets A put option fused with underlying collateral that among other use cases will also enable capital efficient stablecoin loans.
DFD acts as the glue for all products in the DeFiDollar ecosystem, being the ultimate vehicle of value accrual from protocol revenue. The primary use cases for DFD are follows:
Governance : DFD tokens grant the holders the right to participate in the protocol governance process for all products developed by the lab . It is already being used for the governance decisions and you can find the proposals here.
Fee sharing : DFD can be staked in the v2 Staking Vault on Ethereum to earn revenue from the protocol products - Read the how to guide here. Any new products from the lab will aim to contribute value to the DFD over time which may include airdrops for future tokens with associated projects. Current status of fee generation is as below:
DUSD: DUSD directs all of the earnings to the DefiDollar Savings Account. The savings account has the best product market fit for DUSD and isn't being incentivized by DFD via inflation. Therefore the protocol directs revenues to Savings in order to offer higher APY's to attract more capital to DUSD.
Opeth - Opeth is currently not generating any income.
To get mode details on DFD, please refer:
Coingecko - Explore listed markets and market metrics
Etherscan - Explore the DFD token contract and transactions