UNDERSTANDING DEFIDOLLAR’S STABLE COIN(DFD) AND IT’S FEES GENERATION METHODS

DFD - This is the Governance Token for DefiDollar Finance
It 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 AND THE PURPOSE OF DFD ARE AS FOLLOWS:

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 the 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

Any new products from the lab aims at contributing to the value of DFD over time which may include airdrops for future tokens with associated projects.

CURRENT FEE GENERATION METHODS;

$DUSD : $DUSD directs all of the earnings to the #DefiDollar Savings Account. The savings account has the best product market fit for DUSD and isn’t being incentivized by DFD via inflation. Therefore the protocol directs revenues to Savings in order to offer higher APY’s to attract more capital to $DUSD

$ibBTC : There is a Mint fee of 0.2% and a Redeem fee of 0.1%. This is being distributed to the stakers in the DFD v2 staking vault. You can also track the fees

Opeth : Opeth is currently not generating any income.

A reason user prefer to ape into Defidollar is because it functions as a form of insurance for other stablecoins.
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