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Davos.xyz USD

Davos.xyz USD DUSDPrice N/A

DUSD Price

N/A

General Info

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# Inactive

Funds and Backers

Description

Davos.xyz USD (DUSD) is an omnichain stablecoin created through the Davos Protocol.

Davos.xyz USD (DUSD) Chart

Davos.xyz USD 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

$ 338.21K

All Time High

$ 1.29

26 Jun 2024


All Time Low

$ 0.757

26 May 2024

Trending Davos.xyz USD Fiat Pairs

What is Davos.xyz USD (DUSD)?

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

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