FAQ
How can I get DUSD?
The easiest way to get DUSD is minting with USDT/USDC on StandX website, especially if you want to get a large amount, minting directly will provide you with more liquidity and less slippage. Besides that, you could also buy DUSD on any decentralized protocol available such as Saber/Raydium.
What is the benefit of holding DUSD?
DUSD is a yield bearing stablecoin, which means holding DUSD will generate passive income for you automatically. There is no need to stake your DUSD. Our system will take screenshots of the DUSD balance of each address and calculate your rewards accordingly.
What is the stability mechanism of DUSD?
DUSD is backed by market neutral assets. When users minting DUSD with other stablecoins, the protocol will exchange them to ETH, SOL or any other proper assets, while at the same time, the protocol will open the same amount of short perpetual futures position to ensure all spot assets are fully hedged.
Besides that, a reserve fund is introduced to ensure funding fee payment when weekly total revenue of the protocol is negative. If there is a discount of DUSD on the secondary market, the protocol will also buy it back to ensure the peg of DUSD and make profit at the same time.
What is the source of DUSD reward?
The reward of DUSD is real yield from two sources: 1, Staking reward of ETH, SOL or any other assets; 2, Funding fee revenue from short perpetual futures position.
How can I get rewarded for my DUSD?
You could get DUSD reward automatically by holding DUSD, there is no need to staking. Reward is settled every 7 days and you can claim DUSD rewards to your own address after every settlement.
How is reward calculated and distributed?
The reward calculation starts the moment DUSD is received in the user’s address, regardless of the source of the DUSD. DUSD obtained from minting, trading, or transfers will be treated equally. Rewards are settled every 7 days, during which users can see their estimated rewards on our website. After settlement, users can claim their DUSD rewards to their own address. If the user’s address loses DUSD before settlement—whether through selling or transferring to another address—they will not receive rewards for that period.
Is there any minting/redeeming cost?
There is no fee for minting or redeeming DUSD. The exchange ratio may fluctuate slightly based on market conditions.
Can I redeem DUSD any time I want?
You could redeem your DUSD any time, however, there is a 7 day redemption period, which means you will get back your USDT/USDC 7days after redemption.
How does the reserve fund work?
The reserve fund is designed to maintain the stability of DUSD’s value. Although the funding fee statistically has a positive bias, there are times when it can be negative. When weekly revenue is positive, a portion is allocated to the reserve fund. The reserve ratio may fluctuate based on market conditions; please refer to our website for the current reserve ratio. This approach ensures that, in weeks when overall revenue (including funding fees, staking rewards, etc.) is negative, the reserve fund can cover the funding fee payments, so that there will be no loss from users’ side.