*please let us know if you find mistakes or suggestions.

What is Dynamic Set Dollar?

Video:https://bit.ly/33YqZnE

How is DSD different from other stablecoins?

DSD is a fully decentralized stablecoin that unlike centralized coins, e.g. USDT, has no 1:1 backing through a centralized USD treasury. To be highly capital efficient it does not use any collateral, like the main competitors DAI or sUSD. The voluntary elastic supply mechanic is different from Ampleforth (AMPL) and Based (BASED). It is inspired by Empty Set Dollar (ESD), yet responds faster to market demand through more frequent epochs, extended supply caps, and a modified supply extension/contraction formula.

If DSD is a stablecoin, is it always worth 1 USD?

How does DSD’s supply grow?

Important to note is that the supply of DSD changes through voluntary actions of users. Your wallet balance will never increase or decrease without your volition.

Will DSD become a sustainable, useful token?

I want to help, what can I do?

Advocating DSD to be added to your favorite DeFi platforms will accelerate the mission we strive for.

Token Mechanics

What is an epoch?

What are a Coupons?

What is bonding?

This prevents manipulations and flash loan attacks during supply expansion and contraction events. Token holders with bonded DSD can vote on DAO governance proposals.

What do “frozen” and “fluid” states mean?

- You can withdraw DSD from the DAO or stage more DSD
- You can bond your DSD

By bonding your DSD you enter the fluid state. In the fluid state:

-You can bond or unbond your DSD.
-You cannot withdraw or stage DSD.

When your DSD is bonded but you wish to withdraw, you first have to unbond your DSD. You can’t withdraw in the fluid state. At the beginning of the next epoch, you will return to the available state, which lets you withdraw your DSD.

You can deposit and bond in the same epoch. Once you have bonded your DSD, you enter the fluid state and can no longer withdraw or deposit until the next epoch starts.

Frozen and fluid states appear on the wallet page and the Liquidity Pool Reward page of the DAO.

How do I advance an epoch?

What does the governance page do and how should I engage with it?

Why do some epochs grant rewards and some do not?

How do we know if any given epoch will have rewards and how much rewards?

You can estimate the chances of a supply extension event and the amount of rewards possible by doing the appropriate calculations. We encourage savvy, enthusiastic DSD community members to automate this process and share the information with the community.

Maintaining DSD’s price peg

How do I participate in maintaining the peg?

How do I buy DSD?

The prices you see may be over or under the peg by a non-trivial amount. Pay attention to the price you are paying when you buy it. DSD is a self-stabilizing system, which means initially there will be more volatility. Over time the price will fluctuate closer and closer to the 1 USD peg.

Do I gain rewards for buying DSD?

How can I receive DSD rewards?

  1. Bond your DSD
  2. Provide liquidity to the Uniswap Liquidity Pool, then bond the LP tokens
  3. Purchase Coupons on the DAO’s debt market and redeem them during a supply expansion event. Always remember that coupons expire after 30 days = 360 epochs.

What is better? Bonding, or providing liquidity?

It is possible to calculate the relative rewards for the current epoch. We encourage community members to do so and share with others.

How do I buy DSD from Uniswap?

Or go to the Uniswap page directly here.

  1. Connect to Uniswap and approve the tokens you wish to buy DSD with.
  2. Enter an amount of USDC into Uniswap, approve the transaction and buy DSD.
  3. Pay attention to the price and slippage as the market’s liquidity changes.

How do I bond my DSD to the DAO?

  1. Click “Unlock” to allow the DAO to interact with your DSD.
  2. Enter the amount of DSD into the Staging box (or click max), then click the “Staging” button and approve the transaction. Wait for the transaction to complete.
  3. After successfully staging, enter the amount of DSD into the Bonding box (or click max), then click the “Bonding” button and approve the transaction. Wait for the transaction to complete. When that transaction clears, your DSD will be bonded to the DAO.

How do I bond Uniswap LP tokens?

  1. Add liquidity to the DSD-USDC Uniswap Liquidity Pool
  2. Go to the Liquidity Page on DSD here.
  3. Enter the amount of Uniswap LP tokens into the Staging box (or click max), then click the “Staging” button and approve the transaction. Wait for the transaction to complete.
  4. After successfully staging, enter the amount of Uniswap LP tokens into the Bonding box (or click max), then click the “Bonding” button and approve the transaction. Wait for the transaction to complete. When that transaction clears, your LP tokens will be bonded.

What can I do with rewards from bonding to the DAO?

If you wish to sell DSD, first unbond them, then unstage them. After 36 epochs you will return to the available state, where you can withdraw your DSD.

What can I do with rewards from bonding Uniswap LP tokens?

If you wish to add your rewards to the liquidity you are already providing in the Uniswap Liquidity Pool, you can do it easily with one click. On the bottom of the LP Reward Pool page, you see a “Provide” section. It will also display your USDC balance in your connected wallet. You can enter a number from your awarded tokens (or click Max) into the box, and if you have sufficient USDC to contribute the necessary proportion demanded by the pool at that time, you will trigger a transaction by clicking provide that will take your rewarded DSD, and the appropriate amount of USDC, add it to the Uniswap pool, and bond the Uniswap LP token you receive in return to the DAO.

Join us on Discord, Telegram, and Twitter.

The first fully DeFi compliant USD stablecoin.