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What is Dopple Finance?
Dopple Finance is a Stablecoin DeFi ecosystem on the Binance Smart Chain. Our main products are a decentralized stablecoin exchange, which allows users to efficiently swap stablecoins and pegged assets at the best rate, and "KUSD", Dopple's native fractional-algorithmic stablecoin partly backed with USDC and partly backed with its native token DOPX.
Dopple Finance currently supports up to nine stablecoins in the platform namely: KUSD, DOLLY, BUSD, USDT, DAI, USDC, UST, USDN & TUSD. Liquidity Providers earn trading fees in stablecoins by supplying funds to the underlying liquidity pools. Liquidity Providers can also earn the DOPX tokens as additional rewards by staking LPs in Dopple farm pools.
What is DOPX?
DOPX is the native utility token used to partly mint KUSD stablecoin. The DOPX token accrues its value by its requirement to collateralize KUSD. As KUSD usages grow stably, the Collateral Ratio will decrease, hence consuming even more DOPX to mint more tokens. This in turn decreases the circulating supply of DOPX.
What is KUSD?
KUSD (Kelly USD) is a fractional-algorithmic stablecoin partially backed by USDC (a stablecoin) and DOPX (a utility token). KUSD is partially backed by USDC that represents its value and is also backed by DOPX which increases its utility. The ratio between the stablecoin and the utility token is dynamic and adjusts according to the market.
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