Open Dollar
@open_dollar
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Borrow against Liquid Staking Tokens & Arbitrum native assets with our flexible and transparently over-collateralized stablecoin 🌴https://t.co/r9Fr2oQDlI
Arbitrum
Joined June 2022
The Vault Keeper Program has officially begun! 🥳 🔩 Earn Bolts and get rewarded for using and promoting the Open Dollar protocol Register today and be the first to share your referral link with your friends - they get a welcome bonus and you get 10% of all the Bolts they earn!
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Liquity V2 (an upcoming decentralized stablecoin) codebase is live so we can share this: their CDP uses the same Non-Fungible Vault design as Open Dollar. That means Liquity V2 and Open Dollar vaults could each be traded as NFTs. 👀
The Liquity V2 codebase is now public! 🚨 📣 https://t.co/0JiAXZvzEY This opens the doors for developers to build on top of V2, and redefines the future of borrowing in DeFi A 🧵 on the endgame for borrowing 👇
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Open Dollar founder, @CupOJoseph, took the main stage for a keynote on building stable currencies at ETH Tokyo today. The energy in this room is incredible!
We’re Kicking Off Day 2 of #ETHTokyo with a fantastic talk on how to build the next generation of Stablecoins by @CupOJoseph 🪙
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Borrowers should buy OD so the redemption rate goes down.
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Market: 1 OD = $1.00 Protocol: 1 OD = $1.0087 Even more stability measures are coming
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Check out our docs to learn more📖🙇♂️ https://t.co/0HLowbC2Bq Ask questions in our discord⁉️ https://t.co/5T3kL49t49
docs.opendollar.com
The PID (Proportional-Integral-Derivative) controller within the Open Dollar protocol plays a key role in maintaining the stability of the OD stablecoin.
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Voting to turn on our PI controller is live 🔥 The PI (Proportional Integral) controller adjusts the redemption rate of OD to maintain OD price stability The PI controller: 1️⃣ Aligns market price with OD target peg 2️⃣ Automatically creates arbitrage opportunities 3️⃣Prevents
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🗳️ Cast a vote to add @pendle_fi PT-rETH & PT-wstETH as supported collaterals to Open Dollar! 📣 Voting closes at 3:42am ET, July 28th Cast your Vote👇 https://t.co/H934yIRcI4
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Delegate Vaults are also tradeable vaults! No more downward pressure on Delegate Voting power with Open Dollar!
Gone are the days when you could only borrow from a lending protocol. @open_dollar has successfully introduced a tradable leveraged position to the DeFi space. And now, get ready for the Open Dollar Vault Keeper Program. — 🟢 ONE PAGER — 🔵 Open Dollar Open Dollar is a
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With +$100M USD of capital… the Top 10 @arbitrum delegates have more than 132M ARB delegated, just waiting to be deployed in DeFi. Learn how Open Dollar solves this dilemma with Delegate Vaults See our post on the Arbitrum forum👇 https://t.co/ICWeBToeNt
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Register your Delegate Vault👇 https://t.co/8eJl9RSoHn
https://t.co/8eJl9RSoHn
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With +$100M USD of capital… the Top 10 @arbitrum delegates have more than 132M ARB delegated, just waiting to be deployed in DeFi. Learn how Open Dollar solves this dilemma with Delegate Vaults See our post on the Arbitrum forum👇 https://t.co/ICWeBToeNt
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📣 Attention GRT Holders Open Dollar is excited to bring new utility to all GRT holders @graphprotocol! For the first time, GRT is integrated as a supported collateral type for loans and leverage Leverage GRT and unlock access to DeFi without selling your tokens! 🧵👇
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Our exclusive partnership with Turtle Club helps you maximize your Bolts and secure Turtle Yield Boosts. Join the Turtle Club to earn boosted Bolts now:
app.opendollar.com
Open Dollar is a stablecoin protocol built on Arbitrum designed to help you yield and leverage your assets with safety and predictability.
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