„the inherent DUSD mechanism reduces the DUSD supply and increases

Question

DeFiChain - International

Paul T

„the inherent DUSD mechanism reduces the DUSD supply and increases

the scarcity.“
How exactly?

#blockchain #cryptocurrency #defichain #english

0

18.05.2022

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Zachary Chan · Accepted Answer

Dusd isn’t a directly tradable stablecoin on any cex, and currently has utility only within the defichain DEX for liquidity mining against other dToken, guaranteeing its functionality for those invested in the defichain ecosystem. It’s like a closed loop. There are multiple mechanisms and patches put into place recently to help regulate the price of both Dusd and dTokens within defichain, specifically around vaults and loans through collateral, swapping and burn fees. It is not a hard-pegged coin and can fluctuate based on market movement within the DEX, but those mechanisms try to stabilise it. It may not be a perfect solution and time will tell. The community and/or developers can continue to propose and vote on to implement other methods if and when necessary.

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„the inherent DUSD mechanism reduces the DUSD supply and increases

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