Davos.xyz USD
DUSD

$0.46740977

-50.32%
  • Market Cap
    $145,982.991
  • 24 Hour Trading Vol
    $1.769
  • Fully Diluted Valuation
    $0
  • Circulating Supply
    312,265
  • Total Supply
    0
  • Max Supply
Davos.xyz USD
Davos is a cross-chain lending platform on Polygon that enables borrowing DAVOS with staked MATIC collateral.
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Category
Stablecoin
Davos.xyz USD Converter
DUSD
1 DUSD = $0.46740977
DUSD Statistics
  • Davos.xyz USD Price
    $0.46740977
  • Trading Volume
    $1.769
  • Market Cap
    $145,982.991
Davos.xyz USD Price Chart (DUSD)

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24h
7d
30d
3M
1Y
YTD
-50.32%
-50.36%
+87.93%
-43.32%
-53.09%
-24.32%
About Davos.xyz USD

Davos is a cross-chain lending and borrowing platform that lets users take out the DAVOS Stable Asset using, at first, their staked MATIC as collateral, while also earning extra returns from the DAVOS yield-bearing Stable Asset-all within a single debt position with low interest. Davos is the biggest lending and borrowing platform built on Polygon. Using Liquid Staking and offering about a 4% borrowing interest APR, Davos targets roughly 9% yearly APY for yield farming across its liquidity pool. Davos Protocol follows and applies the well-known MakerDAO design to create a decentralized, neutral, collateral-backed stable asset strengthened by Liquid Staking.

Davos offers yield options for users who:

Put DAVOS into a liquidity pool, where they can earn a yield of up to 11.49%Farm the LP token received after depositing DAVOS into liquidity pools.

Davos builds its own earnings from three main streams: borrowing interest, liquid staking rewards, and swap fees generated by deposits into DEX liquidity pools. Together, these sources are intended to broaden potential yield across different scenarios.

Davos Protocol lets users:

Use their assets as collateralBorrow DAVOSRepay the loan (DAVOS + Davos's borrowing interest)Withdraw their collateralClaim rewards in DGT for borrowing DAVOSJoin protocol governance with DGTLook forward to future features such as liquidity pools and LP token farming.

DAVOS is a decentralized, unbiased, and collateral-backed cryptocurrency. As a yield-producing stable asset, DAVOS is supported by an algorithmic structure that relies on collateral tokens to maintain a degree of price stability through the protocol’s monetary policy.

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