DawnStar Finance
DSF

$0.00074550

6.82%
  • Market Cap
    $2,316.709
  • 24 Hour Trading Vol
    $1,577.219
  • Fully Diluted Valuation
    $13,490.057
  • Circulating Supply
    3,107,596
  • Total Supply
    18,095,341
  • Max Supply
    18,095,341
DawnStar Finance
DawnStar Finance (DSF) is an algorithmic Polygon stablecoin pegged to 1 MMF via seigniorage and real yields.
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Category
DeFi
DawnStar Finance Converter
DSF
1 DSF = $0.00074550
DSF Statistics
  • DawnStar Finance Price
    $0.00074550
  • Trading Volume
    $1,577.219
  • Market Cap
    $2,316.709
DawnStar Finance Price Chart (DSF)

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24h
7d
30d
3M
1Y
YTD
+6.82%
+30.76%
-19.18%
-36.04%
-92.63%
-41.92%
About DawnStar Finance

DawnStar Finance is Polygon’s first algorithmic stablecoin, supported by real yields and tied to the price of 1 MMF through seigniorage. The DSF token is built to function as a medium of exchange. Its protocol includes an in-built stability process intended to help keep DawnStar aligned with the 1 MMF peg over the long term.

How the Algorithmic Peg works?

When DSF is below Peg. If DSF trades below the MMF Current Market Price (Peg), token holders can buy MOON and DSF will be burnt to shrink circulating supply when users redeem DSF tokens on a 1:1 basis.When DSF is above Peg. If DSF trades above the MMF Current Market Price (Peg), the circulating supply needs to grow to bring the price back down toward the Peg, and the contract enables redemption of the SOLAR.

If DSF continues trading above the MMF Current Market Price (Peg) after bond redemption, the contract creates a suitable amount of new DSF and distributes it to SOLAR stakers.

Remember that DSF uses an algorithm to actively peg its price; that doesn’t guarantee it will always trade exactly at 1 MMF, since it isn’t collaterized. DSF should not be mistaken for a crypto- or fiat-backed stablecoin.

DawnStar Finance Markets
ExchangePairLast PriceChange (24H)High (24h)Low (24h)SpreadVolume (24h)

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