$DOLLY - USD-pegged Stablecoin
DOLLY has now evolved to Kelly USD! Read about KUSD and how it is going to be utilized in KUSD Documentation
The launch of our stablecoin was a significant milestone for the Dopple Finance project and its use cases. DOLLY is a 100% asset-backed stablecoin, pegged to the USD. DOLLY was designed to enable efficient trading between pegged value crypto assets and unlock even more opportunities in the DeFi space.
The current circulation of DOLLY can be viewed here: https://bscscan.com/token/0xff54da7caf3bc3d34664891fc8f3c9b6dea6c7a5
The BUSD/USDT collateral is held in a smart contract and can be viewed here: https://bscscan.com/address/0x7a9634f6917b9736832f50f4c19b3a231b36f79b
You can mint DOLLY by depositing BUSD and/or USDT. The exchange rate is 1:1, with a platform fee* of 0.01 DOP per DOLLY. The fees will go into Dopple's treasury.
Yes! Click Redeem in the Dolly menu to convert your DOLLY back to BUSD or USDT with a platform fee* of 0.02 DOP per DOLLY. Alternatively, you can swap your DOLLY assets into BUSD or USDT.
DOLLY can be used to trade assets on Dopple.Finance and Twindex.com. DOLLY can also be used as collateral to mint synthetic assets on Twindex.com. More use cases will be added. Start minting $DOLLY here: https://dopple.finance/Dolly * Platform fee is subject to the current $DOP price and might be adjusted as the price changes to keep it at a fair rate.