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DefiDollar Using Chainlink Price Oracles on Mainnet

Price feeds help to rebalance the asset pool ensuring stability of DUSD

  • Maintains strong security and reliability guarantees of data delivery using decentralized oracle networks made up of independent, Sybil resistant node operators
  • Is a proven oracle framework that currently secures over $3B in value for DeFi, and is actively funded by numerous other top DeFi projects like Synthetix, Aave, and yEarn

Deeper Look into the Integration

For those new to the protocol, DefiDollar (DUSD) is a stablecoin collateralized by a basket of other stablecoins (currently sUSD, USDT, USDC, and DAI) that uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying your stablecoin holdings to hedge against an event where the underlying stablecoins deviate from their peg.‌ The underlying assets backing DUSD are collateralized by Curve Finance LP tokens, allowing them to earn trading fees that get fed in our earnings pool as interest revenue for holders, as well as helping to support re-collateralization scenarios.

About DefiDollar

DefiDollar is a meta stablecoin index backed by multiple DeFi protocol’s LP tokens. It aims to provide the easiest way for users to store value in stable digital assets while accruing returns from various DeFi Protocols[peaks]

About Chainlink

Chainlink is a general-purpose framework for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs.
If you’re a developer and want to quickly get your application connected to Chainlink Price Reference Data, visit the developer documentation and join the technical discussion in Discord. To schedule a call to discuss the integration more in-depth, reach out here.



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