Place/Date: – April twenty ninth, 2021 at 3:01 pm UTC · 2 min learn
Contact: AscendEX,
Supply: AscendEX

Photograph: AscendEX

AscendEX, previously BitMax, an industry-leading digital asset buying and selling platform constructed by Wall Avenue quant buying and selling veterans, has introduced the itemizing of the DefiDollar Token (DFD) beneath the pair USDT/DFD on Apr 29  at 1:00 p.m. UTC.

DefiDollar is a DeFi lab that goals to deliver mass adoption to DeFi with a wide-ranging product suite. The primary product providing to go dwell would be the stablecoin index – DUSD, with ibBTC and optionCoin at present in growth. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It’s designed to supply a secure and steady method for customers to carry their property with DUSD being optimized for peg security, yield, and diversification.

DefiDollar makes use of DeFi primitives to remain near the greenback mark. DUSD offers an avenue for diversifying stablecoin holdings to hedge towards an occasion the place the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens.

DFD is the native token of the DefiDollar protocol and serves two main capabilities, governance and as a protocol backstop in case of a black swan occasion.

The DeFiDollar crew can also be engaged on a variety of further utilities for the ecosystem, together with synthetics, indices, and choices merchandise. The subsequent product to be launched by DefiDollar shall be ibBTC, a BTC index launched in collaboration with Badger DAO.

DefiDollar brings collectively a crew with distinctive expertise, from Google to Y-Combinator backed startups and India’s first Crypto Unicorn – Polygon.

About AscendEX

Initially based in 2018 as BitMax.io, AscendEx is a number one crypto and digital asset monetary platform catering to each skilled and retail merchants. Our venue gives spot, futures, margin buying and selling and staking merchandise and incorporates key parts from the DeFi house to foster a singular market construction for customers. AscendEx is led by a crew of Wall Avenue veterans who’ve utilized conventional markets’ rigor to create a strong, safe, and dependable expertise for all members; and a constant supply of liquidity for main choices.

For extra info and updates, please go to: Twitter, Telegram, Medium.

About DefiDollar

DefiDollar is a DeFi lab that goals to deliver mass adoption to DeFi. DefiDollar brings collectively a crew with distinctive expertise from Google to Y-Combinator backed startups and India’s first Crypto Unicorn – Polygon.

For extra info and updates, please go to: Twitter, Telegram, Weblog.

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