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. More information can be found at
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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 | Price | Change |
|---|---|---|
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% |
Coinbase insights
Recent trends
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
#2946
Contributors
33
Posts
59
% About DefiDollar
0.004%
Hold times
0 days
X (Twitter)
56.49% bullish
Sentiment
4.6 ★
Highlights
33 unique individuals are talking about DefiDollar and it is ranked #2,946 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 92 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 56.67% of tweets with bullish sentiment compared to 0.32% of tweets with a bearish sentiment about DefiDollar. 43.33% of tweets were neutral about DefiDollar. These sentiments are based on 58 tweets.
On Reddit, DefiDollar was mentioned in 1 Reddit posts and there were 0 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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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.
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