DexToro USD (dUSD)
(Coming Soon)
Last updated
(Coming Soon)
Last updated
The DexToro stablecoin, dUSD is a decentralized, unbiased, over-collateralized stablecoin, soft-pegged to the US Dollar backed by the collateral deposited in the DexToro protocol. dUSD is an ERC-20 token used by markets integrated with DexToro.
dUSD is easy to generate, access, and use. Users generate dUSD by depositing collateral assets into DexToro Vaults within the DexToro Liquidity Protocol. This is how dUSD is entered into circulation and how users gain access to liquidity. Others obtain dUSD by buying it from brokers or exchanges or simply by receiving it as a means of payment.
Once generated, bought, or received, dUSD can be used in the same manner as any other cryptocurrency: it can be sent to others, used as payments for goods and services, and most popularly used as collateral when trading Perps on DexToro Exchange.
Every dUSD in circulation is directly backed by excess collateral, meaning that the value of the collateral is higher than the value of the dUSD debt. All dUSD transactions are publicly viewable on the Ethereum blockchain.
dUSD is generated, backed, and kept stable through collateral assets that are deposited into DexToro Vaults on the DexToro Liquidity Protocol. A collateral asset is a digital asset that DexToro has voted to accept into the Protocol, such as ETH and USDC.
To generate dUSD, the DexToro Protocol accepts as collateral any Ethereum-based asset that has been approved by the DexToro Protocol. DexToro must also approve specific, corresponding Risk Parameters for each accepted collateral (e.g., more stable assets might get more lenient Risk Parameters, while more risky assets could get stricter Risk Parameters). Detailed information on Risk Parameters is below.
DexToro dUSD (dUSD) is a synthetic stablecoin that is part of the DexToro ecosystem, a decentralized finance (DeFi) protocol on the Ethereum network. The primary purpose of dUSD is to provide a stable, non-volatile store of value that is pegged to the US Dollar. This stablecoin is collateralized by (USDC) and (ETH) at a 2:1 ratio, ensuring its stability and reliability within the ecosystem.
dUSD is minted by staking USDC and ETH as collateral. USDC and ETH holders can lock their tokens in the DexToro Liquidity protocol to generate dUSD, which can then be used within the DexToro ecosystem and other DeFi platforms. This process allows users to gain exposure to USD without holding the actual fiat currency. The dUSD token is designed to trade within 50 basis points (bps) of its USD peg, providing a reliable medium of exchange and store of value.
The Dextoro platform leverages decentralized smart contracts to facilitate the creation and trading of synthetic assets, including dUSD. These synthetic assets, or "Synths," can be traded on DexToro Exchange and DexToro's enterprise partners, with zero slippage and permissionless trading. The price information for these assets is provided by trusted oracles, such as Chainlink or Pyth, ensuring accurate and up-to-date valuations.
dUSD also plays a crucial role in the broader DexToro ecosystem, which includes various derivatives markets like perpetual futures, options, and parimutuel markets. By providing deep liquidity and low slippage, dUSD supports competitive trading fees and efficient market operations.
