# DeFi Dollar Documentation

## Friendly fork of Liquity V2 on Ethereum

<figure><img src="/files/nZ605F9OI3ofl6770UzD" alt=""><figcaption></figcaption></figure>

DeFi Dollar is an friendly fork of Liquity V2, which is a decentralized borrowing and stablecoin protocol that builds on the success of V1.

It enhances it in several ways to offer the best borrowing experience, a highly resilient Ethereum-native stablecoin (USDFI), and sustainable on-chain yield.

## Protocol Tokens

#### $USDFI

$USDFI is the native stablecoin of the DeFi Dollar protocol, designed to be a robust and censorship-resistant medium of exchange for the DeFi economy. It is always redeemable on-chain for $1 worth of underlying assets, maintaining its peg through a highly resilient and autonomous mechanism. Users can mint $USDFI permissionlessly by depositing a transparent basket of major DeFi protocol tokens and other trusted on-chain assets as collateral. Built upon the secure foundation of the Liquity v2 architecture, $USDFI operates with user-defined interest rates and without reliance on off-chain or centralized components, making it a truly unstoppable, on-chain dollar for a decentralized world.

**USDFI Token**: [0xa0ed3359902eff692e5b8167038133a73d641909](https://etherscan.io/address/0x0883eA1df0E3a5630Be9aEdad4F2C1E2d0182593)

#### $DEFI

$DEFI is the core utility token that powers the DeFi Dollar ecosystem. Its primary function is to empower holders to actively participate in the protocol's economy by using their tokens to direct the allocation of all system-generated fees. This powerful utility ensures that the protocol's economic incentives are steered by its most active users. The token is distributed through community-centric programs, such as liquidity rewards and the fair-launch Community Bootstrap Event, to foster widespread ownership and engagement from day one.

**DEFI Token:** [0x0883eA1df0E3a5630Be9aEdad4F2C1E2d0182593](https://etherscan.io/address/0x0883eA1df0E3a5630Be9aEdad4F2C1E2d0182593)

More info in [Technical Docs & Code Repository](/documentation/technical-docs-and-code-repository.md)


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