Question on dusd-its 50% fiat backed collateral and 50% is

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DeFiChain - International

Striker45

Question on dusd-its 50% fiat backed collateral and 50% is

algothrimicin in step with defichain yes?

#blockchain #cryptocurrency #defichain #english

0

16.08.2022

3 ответов

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Striker45 Автор вопроса

DanieL BaptistA
Hi! DUSD is not fiat backed. It's backed solely by...

Thank you for the detailed explanation I do appreciate it. Next time a fudder challenges me I'll be in better shape.

0

17.08.2022

DanieL BaptistA

Striker45
Thank you for the detailed explanation I do apprec...

Well you can check the latest of the improvement proposals on reddit below. Also, on the Defichain announcements, there is a new video on the next voting round were this and other proposals will be voted to reinstate the peg on DUSD. Links below. Everything is perfectly transparent and community driven, only a fudster that does want to spread fud without any research can spit hate. But those are easily silenced with facts, and the fact ia that DUSD is still here despite all the fud, is not a Terra style token, and in the end of the day, community is going forward with proposals and improvements to prove it battle ready 🙂 https://www.reddit.com/r/defiblockchain/comments/wodzu5/how_the_proposed_measures_from_the_dexfeepayout/ https://www.youtube.com/watch?v=4Gm2cdF7lfk

0

17.08.2022

DanieL BaptistA · Accepted Answer

Hi! DUSD is not fiat backed. It's backed solely by crypto like DFI, BTC, USDC and other well established crypto, in vaults with a minimum collaterization of 150% and with DFI comprising a minimum 50% of all assets used as collateral. There is some unbacked DUSD in the system currently due to the previously (now deactivated) possibility of paying DUSD loans with DFI, which some DFIP's are currently aiming at reducing to a maximum 50% of algo DUSD.

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