DAM Finance prijs 

D2O

d2o is an omnichain stablecoin with a soft-peg to the United States Dollar that can currently be used for:

• Teleporting your money to multiple different blockchains
• Chasing yield opportunities across multiple blockchains
• Accessing multiple native decentralized exchanges

d2o is initially backed 1:1 with existing stablecoins, starting with native USDC on Ethereum.

d2o has two unique attributes:

• Anyone holding d2o can claim the underlying collateral (e.g. USDC) by burning d2o on Ethereum. This is critical for maintaining the d2o peg as if the price deviates from $1, there is an easy arbitrage opportunity possible by minting or burning d2o.

• d2o can be teleported as a native asset to other sovereign blockchains through the decentralized dReservoir protocol, starting with Moonbeam.

With these attributes, networks connected to DAM have an immediate solution for scaling native liquidity without the tradeoffs of traditional bridging technology.