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Davos.xyz USD news
About Davos.xyz USD
The Davos Protocol is a fully decentralized collateralized debt position (CDP) system, primarily designed to enable the smooth minting of DUSD, an omnichain stablecoin.
This system supports the creation of DUSD by permitting overcollateralized borrowers to deposit reward-bearing assets, specifically liquid staking tokens, into the system. This deposition secures the issued DUSD omnichain stablecoin.
In the protocol, a yield capture fee, which can reach up to 50% on the associated reward-bearing assets, is utilized and transformed into borrowing incentives. The value of these incentives correlates with the collateral type that produces the highest yield. Furthermore, the protocol gathers revenues through the borrowing rates it imposes and channels this income back to liquidity providers. This redistribution is done in accordance with the total value locked (TVL) of each pool, while a similar method is applied to lenders and the participants of the DUSD Redistribution Rate.
The protocol’s governance is conducted via the Davos Governance Token (DGT), which empowers holders to cast votes on protocol alterations. DGT holders have the right to suggest and vote on changes, which guarantees a democratic decision-making process
The live Davos.xyz USD price today is $0.999567 USD with a 24-hour trading volume of $19,692.88 USD. We update our DUSD to USD price in real-time. Davos.xyz USD is down 0.07% in the last 24 hours. The current CoinMarketCap ranking is #4897, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Davos.xyz USD at the current rate, the top cryptocurrency exchanges for trading in Davos.xyz USD stock are currently Bitget, BIT.TEAM, and QuickSwap v3 (Polygon zkEVM). You can find others listed on our crypto exchanges page.