Stablecoin Aggregator DeFiDollar Launches Liquidity Mining Incentives and Retroactive Rewards

By Abhimanyu Krishnan | News | 12 Oct 2020


Stablecoin aggregator DeFiDollar on October 10 announced the launch of a liquidity mining incentive program, as well as retroactive rewards for its governance token DFD.

  • DeFi Dollar’s liquidity mining incentive lets users earn DFD for the DUSD/USDC pair on Balancer and DUSD/ETH pair on Uniswap
  • The DUSD stablecoin is an index of various stablecoins that changes its composition over time, and which the team says can support the upcoming era where DeFi and centralized finance work together
  • The community will be allocated with tokens in 3 phases, starting with retroactive distribution, and followed by a token launch and the liquidity mining incentives program
  • Users who held or staked DUSD from September and users who stated DUSD or on Swerve from September 22 will receive DFD retroactively
  • DeFiDollar's medium and long term goals include protocol integrations and becoming a medium of exchange for other assets

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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