Davos.xyz USD DUSDPrice $ 0.952

Davos.xyz USD (DUSD) is an omnichain stablecoin created through the Davos Protocol, which operates as a Collateralized Debt Position (CDP) platform. Users can lock up assets such as Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs) to mint DUSD, pegged to the US dollar. The protocol uses a dynamic monetary policy to set borrowing rates based on asset risk profiles, ensuring stability and efficiency. It also offers yield opportunities by allowing users to continue earning rewards on their staked collateral.

Historical event: Davos (DAVOS) has rebranded to Davos Protocol (DUSD). For more information, please read the official announcement - https://twitter.com/Davos_Protocol/status/1662077003842084865