Currencies33084
Market Cap$ 3.05T+2.60%
24h Spot Volume$ 78.34B+20.9%
DominanceBTC60.90%-0.27%ETH7.08%+2.61%
ETH Gas0.60 Gwei
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Darkness Dollar

Darkness Dollar DUSDPrice N/A

DUSD Price

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General Info

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# Inactive

Description

DarkNess Dollar is a stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic

Darkness Dollar (DUSD) Chart

Darkness Dollar price Index provides the latest DUSD price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

ATH Market Cap

$ 308.35K

Total Supply

DUSD 98,673

All Time High

$ 0.837

3 Oct 2022


All Time Low

$ 0.590

14 Apr 2023

Trending Darkness Dollar Fiat Pairs

What is Darkness Dollar (DUSD)?

DUSD (Dark Dollar) is a stablecoin pegged around $1, partially backed by collateral like USDC, USDT and DAI and partially backed algorithmically by DARK and NESS. The ratio of collateralized and algorithmic, so-called Collateral Ratio (CR), depends on the market price of DUSD.

At genesis, CR is 90% and the protocol adjusts the collateral ratio once every hour by a step of 0.25%. When DUSD is at or above $1, meaning the market’s demand for DUSD is high, the system should be in de-collateralize mode by decreasing the collateral ratio, minimum to 70%. When the price of DUSD is below $1, the function increases the collateral ratio, maximum to 95%.

DarkNess Dollar attempts to be the first stablecoin protocol on Cronos chain to implement design principles of both Entirely Collateralized and Purely Algorithmic Stablecoins. We are aiming to create a highly scalable, trustful, extremely stable, and ideologically pure on-chain money.

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