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Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Malam90 on December 28, 2020, 01:22:55 PM

Title: Dynamic Set Dollar faces ‘massive test’ as stablecoin falls as low as $0.27.
Post by: Malam90 on December 28, 2020, 01:22:55 PM

While wild price action on Bitcoin and Ethereum have claimed the attention of most traders over the Christmas weekend, a select sect of crypto traders are following an experiment playing out in real-time that may have implications for the future of stablecoins: the fate of Dynamic Set Dollar.

Dynamic Set Dollar and its DSD token is an algorithmic stablecoin project designed to — eventually — track the United States Dollar on a 1-1 ratio with DSD. During expansionary cycles, such as one that led DSD as high as $3 per token last week, users are rewarded with freshly-printed “rebased” tokens for providing liquidity.
Source Link (https://cointelegraph.com/news/dynamic-set-dollar-faces-massive-test-as-stablecoin-falls-as-low-as-27)