DefiDollar is a meta stablecoin index backed by multiple DeFi protocol’s LP tokens. It aims to provide the easiest way for users to store value in stable digital assets while accruing returns from the underlying DeFi Protocols. It will be a future proof stablecoin aggregator powered by its modular architecture.
DUSD is currently available on Balancer via a 50/50 DUSD USDC Balancer pool. We believe that the fluctuations in the price can be addressed greatly with the Curve pool integration.
This proposal is to create a crvDUSD pool with parameters fine-tuned for DUSD to help maintain the peg.
As Curve has historically been successful in bringing synthetic assets closer to their peg, we hope this pool will help DUSD find its peg whilst bringing fees and incentives to the Curve protocol.
- DSUD currently has a volume of ~3mn USD,
- DFD is the protocol native token which will be offered as incentive(Post launch)