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Cryptocurrency Miscellaneous in Cryptocurrency . 2 months ago
USDx, a meta stablecoin with systematic interest (USR, aka DSR). USDx is a fiat-back synthetic stablecoin pegged into a basket of regulated stablecoins (1 USDx = 80% USDC + 10% PAX + 10% TUSD) at pre-determined weighting, which is adjustable through on-chain governance. Users can earn interest income on their USDx holdings by simply depositing USDx into the USR contract.
USR is funded by interests earned by constituent stablecoins of USDx, which are automatically converted to dTokens upon each mintage and sequentially supplied to dForce Yield Market to earn interests. Presently, interests collected by constituent stablecoins are 100% distributed to USDx holders who deposit USDx into the USR contract. In the future, x% of the profits contributed by constituents of USDx will be utilized to support DF buyback-and-burn, which will be determined by DF holders.
Posted on 03 Nov 2024, this text provides information on Cryptocurrency related to Miscellaneous in Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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