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Kerosene

Kerosene KEROSENE Price $ 0.0418

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DeFi

KEROSENE Price

0.0418
0.24%
(-$ 0.000101)
Price Range
LowHigh
$ 0.041$ 0.042

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Description

Kerosene is a token that allows the minting of DYAD stablecoins against a collateral surplus within its ecosystem.

Kerosene (KEROSENE) Chart

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

KEROSENE to USD Converter

Kerosene (KEROSENE)KEROSENE

IDO

26 Mar — 29 Mar 2024

Raised

$ 1.52M

Price:

$ 0.0383

ROI:

1.09x  +9.25%

Platform:

N/A

ATH ROI:

1.36x  +36.5%

KEROSENE Price Statistics

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Market Cap

N/A

Fully diluted value

FDV

$ 41.81M

24 Trade Vol.

$ 9.92K

Max Supply

KEROSENE 1,000,000,000

Total Supply

KEROSENE 1,000,000,000

Listing Date

1 Apr 2024

IDO Price

$ 0.0383

29 Mar 2024

IDO ROI

9.25%

1.09x

All Time High

$ 0.0522

1 Apr 2024


All Time Low

$ 0.0184

13 Apr 2024


From ATH

20%

From ATL

126.7%

What is Kerosene (KEROSENE)?

Kerosene is a token that allows the minting of DYAD stablecoins against a collateral surplus within its ecosystem. Kerosene operates by enabling users to leverage this surplus collateral for minting DYAD, enhancing the overall minting capacity when deposited alongside other collaterals in Notes. The protocol deterministically sets Kerosene's value based on the level of overcollateralization in the DYAD system, making it as valuable as the surplus collateral (C-D) available.

Kerosene is not additional collateral itself but serves as a right to mint DYAD against the existing surplus. Its value, while defined by the protocol, may fluctuate in secondary markets. Should Kerosene's market price fall below its protocol-defined value, arbitrage opportunities arise, aligning its price back to the intended parity since acquiring Kerosene at a discount effectively means obtaining DYAD for less.

Kerosene Price Today

Kerosene's current price is $ 0.0418, it has dropped -0.24% over the past 24 hours.

Kerosene's All Time High (ATH) of $ 0.0522 was reached on 1 Apr 2024, and is currently -20% down.

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