Isn'T dusd suppose to be stable coin? Keep gstting answer

that dfi is down that is why dusd is down so if dfi is worth 0.10 so is dusd?

Dusd is a stablecoin in the dToken ecosystem. On the DEX trading against dStock and in vaults, it is always oracle price. For example TSLA fiat price now is USD$171. On the DEX, dTSLA is dusd$165. However, value comes into play when you swap out of the dToken into crypto. Defichain is a decentralised blockchain, there is no company behind it, nobody that is ‘pegging’ dusd to some number. $Dusd exists on the DEX and is a hybrid coin that is partially backed by crypto (when minted in vaults) and partially(largely) unbacked/algorithmically created. Part of the problem is the unbacked portion of Dusd, which all the existing proposals in the past year have working to remove/burn off. The other is at the end of the day, any coin on the DEX is affected by the balance and movements on their respective liquidity pools. And liquidity pools are how trades are possible on a DEX. Without liquidity pools, there is no path from one coin to another. The DFI-Dusd pool is the largest, so movement in DFI will affect dusd.

You have always an answer , what about dfi ? Is dead ?

Look at the previous messages. https://t.me/defiblockchain/290418 https://t.me/defiblockchain/290420

It may damp more.

When damp sir?

Only mods would know Sir.

Hi! I guess @zachgax might be asleep considering the time at his location. But I would like to give my honest opinion (long post get ready). Forget about the "Moderator" tag, it's irrelevant for what I am going to say, and far from a fanboy, despite my belief in the project long term. First of all, I'm an investor in the DeFiChain ecosystem like anyone in this channel, like you. And a small fish I say, currently with DUSD and DFI bags as obvious, so feeling the same pain as any other user here. But and first of all, why do I not complain? (This is important for understanding on why my tone may sound relaxed (it is!), but don't confuse that with some inhability to understand the more profound issues that currently exist or the pain felt by many users). I don't complain because (and despite sounding a bit of clichê), I invested only what I could afford to lose. I always do this, crypto or not. If it was invested, it's theoretically lost, that is my thinking. Hell, even by keeping your USD in your wallet you lose money to inflation. I'm not rich (not even in my dreams I'm able to do so 😂) so my hard earned money in my daily job must be always well balanced between bills to pay, my small long-term investments, my retirement fund and my desire to have something looking like a life (we all deserve vacations and an ocasional dinner out with our loved ones). I prefer facts. So, is DFI dead? I answer with another question. Is Solana dead? Better, another one, is Cardano dead? We could go on and go through Cosmos, even Doge if we would want to compare with memecoins, but let's keep them out of comparisons. I ask this, because they are also at all time lows. In the Solana case, the exact same ATL. DFI is valued at the moment, considering it's ATH, 92% lower, same as Solana. Cardano, at 80'ish% lower currently if I well remember.

All alts, despite some slight better performances in a small handfull with hype created with some lauches, performed terribly, way worst than BTC. So, my honest opinion, no, DFI is not dead, and I see no signs of that. DFI is in line with major players that have similar TVL (Solana), and as an altcoin, is performing worst than BTC, also as expected. This kind of corrections is not unexpected in a bear market. Solana is plagued with hacks every month, the lack of security due to the very nature of how things are done in their blockchain is scary. But they are not dead. They have an innovative and hardworking community behind, that knows that USD value is only one metric, and focus must be maintained on long term for success. There will be always stones on the road. DeFiChain has no way near such security issues. In fact and due to the very nature of DeFiChain, it's one of the very best blockchains to keep your assets protected from hacks that every month steal millions from the Solana ecosystem for example. So why DFI dropped so much in this bear market, despite being so innovative and having a hardworking community as Solana, with about the same TVL and way less security issues? Well because it's not dead, but yes it's hurted. I recognize that, as I also have dusd bags, and saw rewards being diverted from crypto pools to help on solving that issue. What DeFiChain comunity has at the moment, is a lack of trust in the measures taken to adress the dtoken system more profound issue, and with that, not so much a lack of trust in the future of the blockchain. We see DFI being traded normally, it's other issue the one that needs to be adressed, and for which community seems to be working and proposing ideas, some bold, others not so much, but all with the same goal. Will DMC solve all problems? Not so much in my opinion. That, will come down to the projects that will be built and bridged with other blockchains on DMC. That is what will bring value, we will need to focus on quality, usability, security as always, and maybe even a new better dtoken system may be built there by the community, all odds are possible with DMC. But it's no magic formula. Will need to maintain the innovative spirit that always characterized DeFiChain community. And for that, I am relaxed, on these years, I have seen exactly what this community is capable of. What do I say with this? Well, all blockchains have their own issues currently. Solana has theirs, go to their channels, sentiment is somethat the same, especially after a new hack. DeFiChain has it's owns also. Solana strugles with hacks, DeFiChain with some wrong community decisions from the past. Will be easy to solve? No. Is it solvable? Definitelly yes! And that is why we are still here, at least me. And plan on staying and see the long term success in this community.

Call the devs and DeFiChain CEO. Let them fix it.

There is no DeFiChain CEO

😱 whaaaat? impossible, if there is no CEO, we have to put someone into that position 😁

Let's create a DFIP.

CEO without money, first a CFP 😎

Im willing to volunteer as CEO so long as I don’t get harassed everyday that DFI isn’t at ATHs in the crypto bear market

I guess @DmgBautista has put it more eloquently than I would have. 🤣 We’re all investors here, some of us more than others, but we all have some skin in the game and believe in the project. Not blind faith, but we can see the activity and efforts put in by the devs, the accelerator team, infrastructure, etc. For a decentralised project where everyone is contributing and nobody is really paid for their work (yes, CFPs do payout, but you know what I mean. It’s not a stable, secured job in the traditional sense), there is a whole lot of activity and continuous building happening. Price is but one factor, but as Daniel put it, every major crypto is down when you look at the stats. Even with the recent mini bull run, BTC and ETH are both still around 60% down from their respective ATH. I’m not saying forget about price, it definitely should be your guide because every person’s risk factors are different, and it is your money, don’t let me or anyone tell you otherwise. But like Daniel, I invest only what sim willing to lose in such a volatile environment, and I’m looking at utility defichain can bring in the long term as the basis of my belief it will get better. In a bear market where major players are dropping like dominoes, scandals and bankruptcies left and right. Defichain is chugging along in the right direction.

I don’t look price vs usdt, I look dfi vs btc and since 1 year is going down too fast. For me, it starts to be scary

Look wen btc goes to 60k we just need to go up to 1 dollar

1 dollar is a most nothing , lots of investors are losing money

Ask yourselve why is the price down

He doesn't know cause he only look at charts and actually knows nothing about DFI