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Rank #2948
Dynamic Set Dollar Price (DSD)
Dynamic Set Dollar (DSD)
$0.000000087473 37.4%
0.00000000 BTC 38.5%
0.00000000 ETH 37.6%
On 1,936 watchlists
$0.000000063445
24H Range
$0.000000087874
Market Cap $166,191
24 Hour Trading Vol $43.74
Fully Diluted Valuation $166,191
Circulating Supply 1,900,135,971,320
Total Supply 1,900,135,971,320
Max Supply 1,900,135,971,320
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Dynamic Set Dollar Price Chart (DSD/USD)

Last updated 10:22AM UTC. Currency in USD.
Live Chart
Need more data? Explore our API
1h
24h
7d
14d
30d
1y
-0.3%
37.4%
-67.8%
-26.1%
-79.8%
-100.0%

Convert DSD to USD

DSD
USD
USD

1 DSD = $0.000000087473

DSD Price Statistics

Dynamic Set Dollar Price Today
Dynamic Set Dollar Price $0.000000087473
24h Low / 24h High $0.000000063445 / $0.000000087874
7d Low / 7d High $0.000000027077 / $0.000000266256
Trading Volume $43.74
Market Cap Rank #2948
Market Cap $166,191
Market Cap Dominance 0%
Volume / Market Cap 0.0003
All-Time High $86.64 -100.0%
Nov 30, 2020 (almost 2 years)
All-Time Low $0.000000000466 18706.9%
Apr 20, 2022 (6 months)

DSD Price Today

Dynamic Set Dollar price today is $0.000000087473 with a 24-hour trading volume of $43.74. DSD price is up 37.4% in the last 24 hours. It has a circulating supply of 1.9 Trillion DSD coins and a total supply of 1.9 Trillion. If you are looking to buy or sell Dynamic Set Dollar, Uniswap (v2) is currently the most active exchange.

What was the highest price for Dynamic Set Dollar?

Dynamic Set Dollar hit an all time high of $86.64 on Nov 30, 2020 (almost 2 years).

What was the lowest price for Dynamic Set Dollar?

Dynamic Set Dollar had an all time low of $0.000000000466 on Apr 20, 2022 (6 months).

What was the 24 hour trading volume of Dynamic Set Dollar?

The 24 hour trading volume of Dynamic Set Dollar is $43.74.

Where can Dynamic Set Dollar be traded?

You can trade Dynamic Set Dollar on Uniswap (v2). Popular trading pairs for Dynamic Set Dollar in the market includes DSD/USD, DSD/CAD, DSD/AUD, DSD/GBP, DSD/INR, and DSD/PHP.

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.

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