DefiDollar DAO DFDPrice $ 0.0342

DefiDollar Finance is a multi-chain DeFi Protocol Lab. DefiDollar Finance product suite comprises of the following :

• DUSD - The Stablecoin Index. It mitigates the risk of volatility and systemic failure to stablecoin holdings by creating an index initially backed by Curve LP tokens.
• ibBTC - Interest-bearing Bitcoin. An interest-bearing BTC index built in collaboration with BadgerDAO
• Opeth - Option-backed synthetic assets. A put option fused with underlying collateral that among other use cases will also enable capital-efficient stablecoin loans.

DFD acts as the glue for all products in the DeFiDollar ecosystem, being the ultimate vehicle of value accrual from protocol revenue. The primary use cases for DFD follow:

• Governance: DFD tokens grant the holders the right to participate in the protocol governance process for all products developed by the lab. It is already being used for governance decisions and you can find the proposals here.
• Fee sharing: DFD can be staked in the v2 Staking Vault on Ethereum to earn revenue from the protocol products - Read the how-to guide here.