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[Blockchain Today Reporter Jeong Seung-won] AsendEX, a digital asset trading platform, announced the listing of the Defidollor token on the USDT/DFD trading pair at 1 pm (UTC) on the 29th.
Defidollar is a Defi lab that aims at large-scale adoption in Defi with a wide range of products. The first product to go live is the stablecoin index DUSD, which includes ibBTC and option coins currently under development. DefiDollar (DUSD) aims to become the stablecoin layer of risk insurance for DeFi. It is designed to allow users to hold assets stably and stably with Defi Dollar (DUSD) optimized for peg safety, yield, and diversification.
DefiDollar uses existing DeFi to make dollars. DUSD provides a way to diversify the holdings of stablecoins to prepare for the event that existing stablecoins such as Tether and DAI break out of their peg. DUSD is secured by Curve Finance LP tokens.
DFD is the basic token of the DefiDollar protocol, and when an event such as Black Swan occurs, the role of governance and protocol assistance are the two main functions.
The DeFiDollar team is also working on additional utilities for a variety of ecosystems, including synthetic, exponential, and optional products. DeFiDollar’s next product will be the BTC index ibBTC launched in collaboration with the Badger DAO.
DeFiDollar works with a startup that supports Y-Combinator from Google and a team of excellent team members who have a career in India’s first Crtpto Unicorn-polygon.