General
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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 USDFI.
There are two main use-cases:
Borrow USDFI
Earn yield by depositing USDFI
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.
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