Description
Smart Dollar (SD) is a decentralized finance (DeFi) platform concentrating on stablecoin farming via an optimized yield strategy, primarily focusing on its BEP-20, non-collateral backed BUSD stablecoin, designed for maximizing yield opportunities. It utilizes an innovative auto-staking and auto-compounding system aimed at enhancing returns on stablecoin investments. Through advanced smart contract technology and strategic partnerships, Smart Dollar ensures a high level of security and sustainable returns, emphasizing its reliable platform for users. SD distinguishes itself by employing an elastic supply mechanism inspired by Empty Set Dollar (ESD), adjusting more rapidly to market demands for stability and efficiency. Unlike centralized stablecoins such as USDT, SD operates without 1:1 backing or collateral, aiming for market-driven stability near the 1 USD peg while anticipating initial volatility that stabilizes over time. Key to its mechanism is the redistribution of newly minted SD during supply adjustments—60% to DAO bonded holders and 40% to Pancakeswap Liquidity Providers, alongside a dynamic debt market for supply contraction phases. SD's design encourages voluntary use...
Smart Dollar (SD) is a decentralized finance (DeFi) platform concentrating on stablecoin farming via an optimized yield strategy, primarily focusing on its BEP-20, non-collateral backed BUSD stablecoin, designed for maximizing yield opportunities. It utilizes an innovative auto-staking and auto-compounding system aimed at enhancing returns on stablecoin investments. Through advanced smart contract technology and strategic partnerships, Smart Dollar ensures a high level of security and sustainable returns, emphasizing its reliable platform for users. SD distinguishes itself by employing an elastic supply mechanism inspired by Empty Set Dollar (ESD), adjusting more rapidly to market demands for stability and efficiency. Unlike centralized stablecoins such as USDT, SD operates without 1:1 backing or collateral, aiming for market-driven stability near the 1 USD peg while anticipating initial volatility that stabilizes over time. Key to its mechanism is the redistribution of newly minted SD during supply adjustments—60% to DAO bonded holders and 40% to Pancakeswap Liquidity Providers, alongside a dynamic debt market for supply contraction phases. SD's design encourages voluntary use...
