DeFiDollar is a stablecoin index backed asset designed to reduce volatility induced risk.

Basic Information

DefiDollar works to build an index for hedging the risks associated with different types of stablecoins. DefiDollar believes users need to diversify risks through a stablecoin aggregator. Born of the ETHGlobal HackMoney hackathon in May 2020, DefiDollar launched into a live product on the ethereum mainnet in six months and currently handles $3 million in volume. DefiDollar users can use the project’s native stablecoin, DUSD, to generate DFD rewards. Unlike other token launches, users can claim this initial supply by depositing DUSD and then play a three-day waiting game for the token to launch in full. See more

Legal Name

:

DefiDollar

Headquarters

:

Bangalore, Karnataka, India

Founding Date

:

2020

No. of Employees

:

<10

Core Team

:
1.

Siddhartha Jain

Co Founder

2.

Arpit Agarwal

Co Founder

Funding

Total Funding

$1.2M

Investors

:

1.

LedgerPrime

2.

Accomplice VC

3.

Altonomy

See More