General

What is DeFi Dollar?

DeFi Dollar is an official fork of Liquity v2.

Liquity v2 is a decentralized borrowing protocol that lets users deposit tokens as collateral, and mint the stablecoin BOLD. In DeFi Dollar, the stable coin to mint is DUSD.

There are two main use-cases:

• Borrow DUSD

• Earn yield by depositing DUSD

Does DeFi Dollar have governance?

DeFi Dollar is subject to minimal governance which is solely tasked with distributing Protocol Liquidity Incentives (PIL), directing 25% of the protocol's revenue to external initiatives.

Governance has no other functions or powers, as DeFi Dollar's smart contracts are immutable and not upgradeable.