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P-

A stupid question; May I ask is every single DUSD

back up by one fiat US dollar?

#blockchain #cryptocurrency #defichain #english
0

1 ответов

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Riyad-Kalla

This is actually a very good question - not stupid at all. dUSD is a token on the DefiChain (not a real coin in the open market) and it can only be MINTED by individuals creating vaults with values backed by the value of their underlying deposits (real crypto coins) When you define the vault you also define what ratio of deposit:loan you want - the more money you want out of the value, the higher the APR you have to pay back into the vault to close the loan. It's not a simple mechanic, but it's brilliant.

0
05.12.2021

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