Author: Ravage, Head of intergrations and partnerships at DSD
Dynamic Set Dollar (DSD) is a decentralized self-stabilizing and censorship-resistant stablecoin without any collateral backing. Oracle-driven pricing for voluntary supply elasticity is used without having to trust third-parties. The goal of DSD is to create a truly permissionless, scaleable, stable store of value, that can be used as collateral or to hedge in various decentralized finance platforms. https://www.dsd.finance
Currently the price is volatile, we have had multiple expansions and contractions based on the peg of $1.00. DSD in its current state makes it an excellent perpetual asset to be added onto perp.fi
We believe DSD will bring a large amount of users & volume to the Perp platform and would be a mutually beneficial integration.
How could this look?:
DSD bonders short to mitigate any downside while locked in the DAO.
Coupon holder longs when under peg to add buying pressure helping push price to peg. Additionally makes coupons more likely to be redeemable.
Liquidity Provider hedges out downside IL risk by shorting.
Uniswap DSD/USDC Liquidity: $8.5m during contraction $50 & $70 m the last two expansions.
Uniswap DSD/USDC 24hr Volume: $5m
Uniswap DSD/USDC Total volume the last 1.5 months: $525 million
$80 million invested in options (coupons)