{"id":7278,"date":"2021-03-23T19:28:22","date_gmt":"2021-03-23T17:28:22","guid":{"rendered":"https:\/\/esatoshi.club\/?p=7278"},"modified":"2021-03-23T19:34:52","modified_gmt":"2021-03-23T17:34:52","slug":"defidollar-x-satoshi-club-ama-recap-from-23rd-march","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/03\/23\/defidollar-x-satoshi-club-ama-recap-from-23rd-march\/","title":{"rendered":"DefiDollar x Satoshi Club AMA Recap from 23rd March"},"content":{"rendered":"\n

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from DefiDollar and our guest was @sid_31 one of the Co-Founders of DefiDollar. The AMA took place on 23rd<\/sup> March.<\/p>\n\n\n\n

The AMA session was divided into 3 parts with a total\ncrypto reward pool of 500$ <\/p>\n\n\n\n

In this AMA Recap we will try to summarise the most\ninteresting points for you.<\/p>\n\n\n\n

Part\n1 \u2014 introduction and questions from the Telegram community<\/strong><\/h2>\n\n\n\n

Mary | Satoshi Club: <\/strong>Hello\nSatoshi Club! We are happy to announce our AMA session with DefiDollar!  Welcome to Satoshi Club😀<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> our\ntoday’s guest – @sid_31 ! hello and welcome to Satoshi Club! 🤩<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> @sid_31\nwelcome here!<\/p>\n\n\n\n

Siddharth Jain:<\/strong> Thank\nyou! happy to be here 🙂<\/p>\n\n\n\n

eagerly looking forward to interacting with the\ncommunity 😄<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Thanks\nfor visiting us today 😀🚀<\/p>\n\n\n\n

We are also excited about today’s AMA 😀 let’s\nstart 🚀<\/p>\n\n\n\n

Could you please introduce yourself and tell us more\nabout DefiDollar 😀<\/p>\n\n\n\n

Siddharth Jain:<\/strong> Hey\nFolks! This is Sid, am one of the Co-Founders of DefiDollar<\/p>\n\n\n\n

Prior to starting DefiDollar was working on L2 scaling\nfor Ethereum.<\/p>\n\n\n\n

Eager to dig into cryptoeconomics and love to unearth\ninsights from on-chain data<\/p>\n\n\n\n

I take care of the business end of things at\nDefiDollar<\/p>\n\n\n\n

My Co-founder, Arpit is the tech brains behind the\nproduct and is an ex-google, ex-YC Dude<\/p>\n\n\n\n

Both of us are DeFi- buffs and love to tinker with new\nproducts<\/p>\n\n\n\n

Interestingly DefiDollar was born at an ETH hackathon\n– Hackmoney in 2020<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Really?\n😀<\/p>\n\n\n\n

Siddharth Jain:<\/strong> yup!!\nWe were looking to build something that we could use for ourselves and being\nbig hackathon buffs it was a great way to get feedback and test product-market\nfit<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> nice!\ni know lots of cool projects were born on ETH hackathons 😊<\/p>\n\n\n\n

Siddharth Jain:<\/strong> DefiDollar\n($DUSD) aims to be a risk-insured stablecoin layer for DeFi. We want to provide\na safe and stable way for users to hold their assets.<\/p>\n\n\n\n

We have dual token design: <\/p>\n\n\n\n

– The stablecoin index, pegged to $1 – DUSD<\/p>\n\n\n\n

– A governance token – DefiDollar DAO ($DFD)<\/p>\n\n\n\n

That being said we are making forways into a lot of\nexciting spaces – a BTC index with a leading DeFi team 😉 and an option\nCoin<\/p>\n\n\n\n

you can think of us as a satbility labs outfit at the\nedge of innovation for indices and stablecoin adoption<\/p>\n\n\n\n

$DUSD is optimized for peg safety, yield and diversification. The basket approach diversifies the risk, allows more types of collateral to be onboarded and allows us to integrate with yield generating DeFi primitives. The inbuilt protocol mechanisms along with arbitrage helps keep the peg close to $1<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> You\nwant to bring stability to this wild crypto world😀<\/p>\n\n\n\n

Siddharth Jain:<\/strong> we\nare definitely trying! 💪<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>What\nabout DefiDollar team? 😀<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> how\nmany people in your team? or only two for now – you and your co-founder?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> We\nare a group of 6 right now, with 2 people working in part-time capacity<\/p>\n\n\n\n

looking forward to adding to our team, so please feel\nfree to DM me if you are good with crypto amrketing or even solidity\nDevelopment 😄<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> But\nyour project looks complex! Great job😉<\/p>\n\n\n\n

Siddharth Jain:<\/strong> We\nare a lean but highly talented bunch of folks working really hard! people ask\nme if we have 20 people already in the team we just have 6!!<\/p>\n\n\n\n

https:\/\/angel.co\/company\/defidollar\/jobs\/954028-senior-solidity-engineer<\/a><\/p>\n\n\n\n

so if you know anyone or wanna apply, you are welcome\nto DM<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>these\n6 working for 20! congrats on awesome team 🙌<\/p>\n\n\n\n

Siddharth Jain:<\/strong> iI\nyou wanna know more about the core team – head to\nhttps:\/\/docs.dusd.finance\/about-us<\/p>\n\n\n\n

hahha i think 10 is a more realistic target  🙂<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Sure!\nAlso, i am happy that we can see real names😂 i missed real people<\/p>\n\n\n\n

Siddharth Jain:<\/strong> hahhaha\nyeah we are a totally public team, with open source code and public investors\nas well!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Oh,\nit’s very seldom 😂<\/p>\n\n\n\n

Siddharth Jain:<\/strong> nothing\nagainst anon teams, but just a lil bit easier to work with real names and build\nin public<\/p>\n\n\n\n

taxing for sure, but helps in shipping fast 😉<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> The\nsame thing😀<\/p>\n\n\n\n

Thank you, @sid_31 for your intro! We collected 6\nquestions from our community about DefiDollar! Are you ready to proceed or want\nto add something?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> let’s\nget started 🙂<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> thank\nyou for the intro!<\/p>\n\n\n\n

let’s do this! 🚀<\/p>\n\n\n\n

Q1 from Telegram user   @JesusFre1tes<\/em><\/strong><\/p>\n\n\n\n

DUSD is built with modularity in mind. It\nis very easy to integrate with DUSD smart contracts. How does this help drive\nwider adoption of the DefiDollar protocol? I read that DefiDollar handles the\nconcept of meta-assets backed by other stablecoins. What networks and stable\ncurrencies back the DUSD? What are the smart contracts that are possible to\nmerge into your protocols?<\/strong><\/p>\n\n\n\n

Siddharth Jain:<\/strong> Great\nquestion!<\/p>\n\n\n\n

Defidollar is an index of stablecoins.We can add a new\nliquidity pool to provide access to a particular stablecoin and add it to the\nindex. This is possible due to our modular approach, which enables a quick\nturnaround to add more pools and diversify the index. We started with the Curve\nsuSD pool, made a fork deployment on Swerve, Replaced sUSD with yUSD.<\/p>\n\n\n\n

We are stronger than any single coin and can average\nout the volatility. Also with our backstop module we can try and deal with the\nscenario where a particular stablecoin deviates from its peg.<\/p>\n\n\n\n

With a modualr design it is easier to add more peaks –\nliquidity pools to the protocol thus helping make the protocol more resilient.\nCurrently we support the yUSD pool in Curve and leverage the yVaults in Yearn\nfinance to earn yields for our LP’s<\/p>\n\n\n\n

we are cuurently built on top of Curve Finance and\nLeverage yearn finance, that goes on to show the flexibility provided by the\nmodularity and smart system design<\/p>\n\n\n\n

we support USDT,DAI, TUSD and USDC for now, with\nsupport being added for the saave curve pool to add sUSD as well<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Did\nyou partner with Curve and Yearn Finance?<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> so\nin the future you can support some other stablecoins as well?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> this\nis correct 🙂<\/p>\n\n\n\n

we worked closely to get the product out with them 🙂<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> who\ndecides which stables will be add to your index and which will be exclude?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> this\nis not a vanity partnership, we have actual working integrations with both\nthese protocols<\/p>\n\n\n\n

this is currently beign decided by the pools\nsupported, which are controlled by governance<\/p>\n\n\n\n

DFD is the Governance token of the DefiDollar protocol\nIt will serve two primary functions:<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> I\nnoticed😉 good projects to\nwork closely!<\/p>\n\n\n\n

Siddharth Jain:<\/strong> Governance\n:<\/p>\n\n\n\n

The DFD token will be used to make critical protocol\ndecision like the following:<\/p>\n\n\n\n

-Whitelist & remove peaks <\/p>\n\n\n\n

-Assign peak ceilings similar to the ones in Maker\nVaults to balance the index<\/p>\n\n\n\n

-Fine tune parameters like redemption fee within a\npeak<\/p>\n\n\n\n

-Decide on the distribution of the protocol income<\/p>\n\n\n\n

and the Protocol Backstop:<\/p>\n\n\n\n

DFD will be called in to act as the ultimate backstop\nagainst volatility. Similar to the fashion in which MKR acts as the last line\nof defence for DAI.<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> thank\nyou for answers! 👍<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Thanks!\nReady to go to the next question?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> they\nhave endorsed us publically as well<\/p>\n\n\n\n

Yearn Finance:\nhttps:\/\/twitter.com\/iearnfinance\/status\/1365341895212343297<\/p>\n\n\n\n

Curve Finance:\nhttps:\/\/twitter.com\/CurveFinance\/status\/1320705189234561026?s=20<\/p>\n\n\n\n

this transition will happen gradually as we keep on\nadding more pools<\/p>\n\n\n\n

yes indeed!<\/p>\n\n\n\n

let’s go go go<\/p>\n\n\n\n

Q2 from Telegram user   @Rosane1a8<\/em><\/strong><\/p>\n\n\n\n

Would you explain what is the function of\na stablecoin aggregator in the ecosystem of DefiDollar, focusing on how it\nworks and what potential risks of the user are being diminished by the use of\nit?<\/strong><\/p>\n\n\n\n

Siddharth Jain:<\/strong> We\nare stronger than any single coin and can average out the volatility. Also with\nour backstop module we can try and deal with the scenario where a particular\nstablecoin deviates from its peg.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> How\nvolatile is your coin now?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> with\nthe number of stablecoins ever increasing It is overwhelming for a novice to\ndecide what stablecoin to hold and what are the pros and cons of these\ndifferent approaches.There are inherent risks with holding a custodial fiat\nbacked stablecoin – See USDT FUD and more.<\/p>\n\n\n\n

Also these stablecoins, especially Crypto backed and\nAlgorithmic ones range widely in their volatility profiles, this can be a major\ndeterrent for holders who would want a stable price akin to what they are used\nto in real life(ignoring inflation).<\/p>\n\n\n\n

Metastablecoins like DefiDollar solve both of these\nabove mentioned issues.<\/p>\n\n\n\n

DefiDollar is composed of a basket of these existing\nstablecoins and thus diversifies the holding risk ensuring that your stablecoin\nportfolio is protected against volatility and avoids systemic risks.  <\/p>\n\n\n\n

Given the pace at which stablecoins are coming to\nmarket, we might see increased fragmentation hindering adoption. DefiDollar\nisn’t competing with these but can partner and add them to the index –  to ensure peg safety and diversification<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> It\nreally has sense. So, with DUSD i will always have the same amount of money?😉<\/p>\n\n\n\n

Siddharth Jain:<\/strong> DefiDollar\nhas a lot of products 💪 <\/p>\n\n\n\n

– The stablecoin Index – DUSD – protects your capital<\/p>\n\n\n\n

– The Savings Account – ibDUSD – earns interest on\nyour capital<\/p>\n\n\n\n

– The DFD Staking Vault – ibDFD – Coumpunds DFD yield<\/p>\n\n\n\n

– IbBTC – BTC index which allows earning interest (Not\nreleased yet)<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> If\nsome of the coins that you added to index will crush (hope no), but if… What\nwill happened?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> depends\nhow you allocate it, you can put it to work in the savings account<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> If\ni will simple hold it on my wallet?😉<\/p>\n\n\n\n

Siddharth Jain:<\/strong> <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

https:\/\/app.dusd.finance\/savings<\/p>\n\n\n\n

check out the savings account, the APY is juicy<\/p>\n\n\n\n

here is a simple step by step guide, you can come into\nthe savings account with DUSD ,USDT,DAI, TUSD or USDC<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> yes,\nvery juicy especially for stablecoin 👍<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> I\nlike this also👍<\/p>\n\n\n\n

Siddharth Jain:<\/strong> we\nhave a multitiered protection system in place<\/p>\n\n\n\n

– Arbitrage<\/p>\n\n\n\n

– Safety Module<\/p>\n\n\n\n

– Backstop Module<\/p>\n\n\n\n

the system will ensure protection against usual\nvolatility by actively rebalancing, but in case of a black swan scenario – big\ndeviation they backstop module will need to be activated<\/p>\n\n\n\n

here are some of the system parameters that you can see live: <\/p>\n\n\n\n

https:\/\/duneanalytics.com\/sid_31\/defidollar<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>That’s\nreally nice! So, protection should work and DUSD holders won’t be affected<\/p>\n\n\n\n

Siddharth Jain:<\/strong> that\nis the intented design<\/p>\n\n\n\n

that being said i would never want USDT to fail 😉<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> I\nthink no one wants😀<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> this\nis some impressive grow a would say 😁👍<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Thank\nyou for your answers! Ready to go to the next question?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> shoot!\n🙂<\/p>\n\n\n\n

Q3 from Telegram User @konditer_rolex<\/em><\/strong><\/p>\n\n\n\n

I found information that your future\nproducts will include Interest bearing Bitcoin (ibBTC) on Ethereum, which you\nare developing in conjunction with the Badger DAO.Tell us more about the new\nBitcoin storage standard for earning interest.And maybe share some more\ninteresting developments<\/strong><\/p>\n\n\n\n

Siddharth Jain:<\/strong> steady\ngrowth with no mercenary capital but long term users and holders of both DUSD\nand DFD<\/p>\n\n\n\n

hahahha this is something that is coming soon!<\/p>\n\n\n\n

can’t release much but this is going to be big big\nbig!!<\/p>\n\n\n\n

@konditer_rolex has given some serious aplha leak to\nthe Satoshi Club community<\/p>\n\n\n\n

😄<\/p>\n\n\n\n

it is intended to do what satoshi club wants to do,\nhelp people stack more sats 💯🔥<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Yes,\nwe want! Can you tell us approximate dates?😉<\/p>\n\n\n\n

Siddharth Jain:<\/strong> Badger\nis the leader for BTC on Ethereum and it made sense for us to build this,\nexpected to bring in huge TVL for DefiDollar 😄<\/p>\n\n\n\n

give or take a week! but please know that shipping\nproducts is dependent on a lot of moving parts<\/p>\n\n\n\n

please respect both the teams which are hustling to\nship this out asap<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Ok,\nwe will wait then😀<\/p>\n\n\n\n

But don’t forget to share this news with us 😉<\/p>\n\n\n\n

Thank you for your answers! Ready to proceed?🚀<\/p>\n\n\n\n

Siddharth Jain:<\/strong> i\nwill definitely! 🙏😇<\/p>\n\n\n\n

DFD is going to get discovered, we have been building\nfor long and leading teams are recognizing the work we are doing to create\nimportant infra<\/p>\n\n\n\n

we are one of the very few teams from India with a\nlive product – so it is just a matter of time 🙂<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> That’s\ntrue! We believe in you👍<\/p>\n\n\n\n

Siddharth Jain:<\/strong> thank\nyou 🙂<\/p>\n\n\n\n

let’s cover the next question<\/p>\n\n\n\n

Q4 from Telegram user @Wormz28<\/em><\/strong><\/p>\n\n\n\n

Many questions they\u2019re asking is about the\nProjects Strength, but I think it\u2019s important also to know their weakness, so\nmay I know if you have weaknesses? If so, how are you trying to solve and\nimprove it? Also are there any risks in using DefiDollar?<\/strong><\/p>\n\n\n\n

Siddharth Jain:<\/strong> i\nthink the thing we need to improve is the coverage, which we are doing now with\nexposure to communities like the Satoshi Club<\/p>\n\n\n\n

DefiDollar is built using the composability of\nEthereum, as i shared we leverage Curve and yearn finance directly<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> so\nmore marketing?<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> One\ncommunity is covered😂\nbut it would be better if you will cover us again in the future! It really\nworks!<\/p>\n\n\n\n

Siddharth Jain:<\/strong> We\nare a heavilly audited protocol, and have always placed safety and security of\nout users first. We launched with two audits and a capped launch to ensure\nthat.<\/p>\n\n\n\n

We believe that although audits reduce the risk by\nvirtue of having dedicated professionals review the code but they do not\neliminate the risks altogether. <\/p>\n\n\n\n

hence we keep on trying to secure the protocol and\nthink of it as an ongoing exercise<\/p>\n\n\n\n

yes indeed, hiring for good operations and marketing\nfolks, as usual DM me 🙂<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Satoshiclubbers!\nLet’s do this! I know we have marketing talents here👍😉<\/p>\n\n\n\n

Siddharth Jain:<\/strong> would\nlove to make an appearance again if you folsk would have us, can invite the\nbadger team for a joint AMA, that would be really cool. let us know 🙂<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> nice!\nand i think designers who can create a good sticker pack, for example, for TG\nare also welcome? it can help with promo 😉😊<\/p>\n\n\n\n

Siddharth Jain: <\/strong>https:\/\/docs.dusd.finance\/audits\nhere is a list of our audits and the reports as well for the community to see<\/p>\n\n\n\n

Always! 😄 can’t have enough stickers and we\nhave a competition coming up as well 😉<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> [\n👍 Sticker ]<\/p>\n\n\n\n

Siddharth Jain:<\/strong>  Btw all those yield farmers out there, do\ncheck out our yield farms<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

alpha leak \ud83d\ude09<\/p>\n\n\n\n

damn i was hoping we would cross 50k satoshi club\nmembers during the ama<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Almost😂<\/p>\n\n\n\n

Siddharth Jain:<\/strong> 😇💯<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>This\nwould be very cool🔥🔥🔥<\/p>\n\n\n\n

Siddharth Jain:<\/strong> dming  😄<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Thank\nyou for your answers! Ready to jump to the next question?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> yes!<\/p>\n\n\n\n

Q5 from Telegram user @AmirJosh<\/em><\/strong><\/p>\n\n\n\n

I wonder why DefiDollar had no NFT related\nservices. Do you consider adding the NFTs to your possible products because of\nits continuesly growing popularity?<\/strong><\/p>\n\n\n\n

Siddharth Jain:<\/strong> lol\nwe are not there yet! but we will have a NFT giveaway 😉 🤫<\/p>\n\n\n\n

we could also issue DefiDollar OG NFT’s for the protocol’s\nusers<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> another\nleak? 😄<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> It’s\nmy dream 😂\ni am your user😂<\/p>\n\n\n\n

Siddharth Jain:<\/strong> hahahha  the satoshi club community deserves it, you\nknow where to join us – \n@defidollar_community<\/p>\n\n\n\n

oh wow! that is great , always happy to meet a user of\nthe protocol<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Our\nmembers iniw what to do 😉😂<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> we\nshould break 4k today! Satoshi clubbers let’s do this! 💪💪💪<\/p>\n\n\n\n

Siddharth Jain:<\/strong> i\nwas thinking like 5k :D😅<\/p>\n\n\n\n

let’s make it happen<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> everything\nis possible 😄🚀🚀🚀<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>We\nbelieve in magic, but more than in magic we believe in our community 🚀🚀🚀\nlet’s do this!<\/p>\n\n\n\n

Siddharth Jain:<\/strong> community\nis magic ⭐️✨<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> True!\nAnd just 6th and last question left from this part 😀 ready for it?<\/p>\n\n\n\n

Siddharth Jain:<\/strong> fire\naway! 💪<\/p>\n\n\n\n

Q6 from Telegram user @victorogb<\/em><\/strong><\/p>\n\n\n\n

There are numerous projects with stable\ncoins pegged to a host of internationally traded currencies around the world\nwith most stable coins pegged against the USD. Most of these stable coins have\nproved to be immensely successful with adoption, use and other intricate\nfeatures. On adoption and acceptance amongst the DeFi space, how does\nDefiDollar tend to weather this storm and compete favourable over the next\ncouple of months\/years?<\/strong><\/p>\n\n\n\n

Siddharth Jain:<\/strong> we\nhave a lot of interesting products coming out!<\/p>\n\n\n\n

first one is the BTC index with badger, the second is the\noptions liquidity aggregator – Option coin<\/p>\n\n\n\n

We kinda consider ourselves as a maverick team that\nlikes to experiment and kind of  think of\nDefiDollar as “Stablecoin Labs”<\/p>\n\n\n\n

The option coin is the result of some brainstorming\nwhere we wanted to improve the capital efficiency of on chain lending by\nincorporating Put options in an elegant way<\/p>\n\n\n\n

The key thing we strive for is to ensure that we build\nproducts that will be in demand , can be both right now or in the future<\/p>\n\n\n\n

to classify ibBTC with badger will take off right away\nbut option coin will need the on chain options space to mature before going\nmainstream<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> “Stablecoin\nLabs” that’s a cool name for another project btw 😁<\/p>\n\n\n\n

Siddharth Jain:<\/strong> even\nsince launching the stablecoin index we have launched a flurry of ancillary\nproducts<\/p>\n\n\n\n

there is around 4.5 Million DUSD in the savings\naccount and around 40% of the circulating supply of DFD is locked in the ibDFD\nstaking 😄<\/p>\n\n\n\n

super numbers :D, but i might be biased 😉<\/p>\n\n\n\n

hahah am sure it is already taken<\/p>\n\n\n\n

To read more about optioncoin\nhttps:\/\/medium.com\/defidollar\/optioncoin-a0bb65997cb<\/p>\n\n\n\n

also it is a great idea to follow us on Twitter :\nhttps:\/\/twitter.com\/defidollar<\/p>\n\n\n\n

for alpha leaks all the time<\/p>\n\n\n\n

today’s tweet from yearn finance<\/p>\n\n\n\n

\n

Yearn Vault Top Performers \ud83c\udfc6
Stablecoin Pool APYs:
\ud83e\udd47 DUSD: 39.96%
\ud83e\udd48 USDP: 37.89%
\ud83e\udd49 USDN: 35.63%

BTC and ETH APYs:
\ud83e\udd47 oBTC: 28.22%
\ud83e\udd48 pBTC: 27.15%
\ud83e\udd49 stETH: 25.52%

All other asset APYs:
\ud83e\udd47 YFI: 37.30%
\ud83e\udd48 crvLINK: 21.15%

Find them all here: https:\/\/t.co\/hHZTAKGK2d<\/a><\/p>— yearn (@yearnfi) March 23, 2021<\/a><\/blockquote>

https:\/\/app.dusd.finance\/lp-rewards<\/a><\/p>\n\n\n\n