The dUSD Stablecoin

(Coming Soon)

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.

Collateral Assets

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.