Rank #1836
1,909 people like this
dynamic set dollar  (DSD)

Dynamic Set Dollar (DSD)

$0.013754025356 -3.9%
0.00000029 BTC -4.6%
0.00000380 ETH -9.2%
1,909 people like this
$0.013695059043
24H Range
$0.014776058052
Market Cap $1,771,014
24 Hour Trading Vol $40,873
Fully Diluted Valuation $1,771,014
Circulating Supply 129,317,714
Total Supply 129,317,714
Max Supply 129,317,714
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DSD
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Dynamic Set Dollar (DSD) Price Chart

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1h
24h
7d
14d
30d
1y
-0.4%
-3.9%
-3.8%
-8.7%
-33.1%

DSD Price and Market Stats

DSD Price $0.013754025356
Market Cap $1,771,014
Market Cap Dominance 0.00%
Trading Volume $40,873
Volume / Market Cap 0.0227
24h Low / 24h High $0.013695059043 / $0.014776058052
7d Low / 7d High $0.013136349621 / $0.014608932827
Market Cap Rank #1836
All-Time High $86.64 -100.0%
Nov 30, 2020 (10 months)
All-Time Low $0.013041314434 5.1%
Sep 10, 2021 (6 days)

Dynamic Set Dollar Coin Price & Market Data

Dynamic Set Dollar price today is $0.013754025356 with a 24-hour trading volume of $40,873. DSD price is down -3.9% in the last 24 hours. It has a circulating supply of 130 Million DSD coins and a total supply of 129 Million. If you are looking to buy or sell Dynamic Set Dollar, Gate.io is currently the most active exchange.

What is Dynamic Set Dollar (DSD) Protocol?

The DSD platform is a decentralized protocol that aims to create an uncollateralized algorithmic stablecoin which relies on game theory to maintain its peg at $1.


What is Dynamic Set Dollar (DSD) about?

Stablecoins have been around for a while and are quintessential to the crypto industry. However, most existing stablecoins are collateralized by either fiat or crypto assets which goes against DeFi’s call for decentralization. The DSD Protocol was thus formed in late November of 2020 to address a gap in the market and become one of the first truly decentralized stablecoins. 

The DSD Protocol came into existence at a time where many other algorithmic stablecoins were really starting to develop. This means that the scene is still in its infancy and highly experimental. The DSD protocol is no exception and has been undergoing many iterations in order to maintain its peg at $1.


How does Dynamic Set Dollar (DSD) Protocol work?

The DSD Protocol relies on game theory to control its circulating supply. When the price of a DSD coin goes above $1, the protocol will enter into an expansion phase and start minting DSD coins as rewards to all governance stakers and liquidity providers. By expanding the supply, price will inevitably drop. 

On the other hand, when the price of a DSD coin falls below $1, the protocol enters into a contractionary phase where DSD coins will stop being minted. Instead, the coupon redemption system will be unlocked where users may purchase these coupons with DSD coins in exchange for a premium (i.e. receive more DSD coins) but only if the price of a DSD coin reaches $1 or above. The idea is that users burn their DSD coins in exchange for coupons - this reduces the circulating supply and would naturally lead to a price increase. 

However, this system has to also factor in user behaviour and overall market dynamics. If users decide to ignore the coupon incentives and not participate in the system as a rational user, it will affect the protocol’s ability to maintain its peg at $1.

Do take note that coupons expire after 360 epochs (30 days).

 

What can Dynamic Set Dollar (DSD) coins do?

DSD coins are meant to be currency and perform the same role as regular stablecoins i.e. become a medium of exchange and offer reliable store of value.

 

How to obtain Dynamic Set Dollar (DSD) coins?

DSD tokens can be obtained by buying them from an exchange such as Uniswap. You can browse through the various centralized and decentralized exchanges by heading over to our exchanges page here. Alternatively, you can check out DSD’s markets for an overview of the different exchanges DSD is traded on.

Dynamic Set Dollar News & Guides

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