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dynamic set dollar  (DSD)

Dynamic Set Dollar (DSD)

$0.021609553783 13.2%
0.00000060 BTC 16.2%
0.00000964 ETH 14.3%
1,968 people like this
Market Cap
$2,664,935
24 Hour Trading Vol
$39,927
24h Low / 24h High
$0.018411946268 / $0.022376148917
Circulating Supply
123,322,089 / 123,322,089
Fully Diluted Valuation
$2,664,935
Max Supply
123,322,089

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1h
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Dynamic Set Dollar Price and Market Stats

Dynamic Set Dollar Price
DSD Price $0.021609553783
Market Cap $2,664,935
Market Cap Dominance 0.00%
Trading Volume $39,927
Volume / Market Cap 0.015
24h Low / 24h High $0.018411946268 / $0.022376148917
7d Low / 7d High $0.019334894440 / $0.022690889278
Market Cap Rank #1412
All-Time High $86.64 -100.0%
Nov 30, 2020 (7 months)
All-Time Low $0.018411946268 17.4%
Jun 18, 2021 (about 20 hours)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 DSD/ETH Info 0xbd2f0cd039e0bfcf88901c98c0bfac5ab27566e3
$0.02
0.000009732431586 ETH
0.61% $3,200 $3,190
$25,359
1163203.661 0XBD2
63.51% Recently
2 DSD/USDT
$0.02
0.02093 USDT
0.24% $291 $4,520
$8,446
402379.640 DSD
21.18% Recently
3 DSD/ETH Info 0xbd2f0cd039e0bfcf88901c98c0bfac5ab27566e3
$0.02
0.0000096600530917 ETH
0.61% $1,240 $1,237
$6,103
282462.392 0XBD2
15.30% Recently
4 DSD/ETH
$0.02
0.00000885 ETH
72.24% $0 $0
$2
112.994 DSD
- **1 day ago Updated 1 day ago
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Dynamic Set Dollar Coin Price & Market Data

Dynamic Set Dollar price today is $0.021609553783 with a 24-hour trading volume of $39,927. DSD price is up 13.2% in the last 24 hours. It has a circulating supply of 120 Million DSD coins and a max supply of 123 Million. If you are looking to buy or sell Dynamic Set Dollar, Uniswap (v2) 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.

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