Name: Darkness Dollar
SKU: DUSD
Price: 0.765170757216 USD

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.

Darkness Dollar

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

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Darkness Dollar DUSD

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