The Best Over Backed Decentralized Stable Coin
With our unique system every DM stablecoin is always backed by more than $1 of value.
Businesses that wish to partner with the Discount Dao will be required to go through a rigorous approval process that can be modified by community vote. If approved the company will need to agree to a profit share agreement starting at 15%.
Tokens issued by Discount Dao are (on behalf of business partners) redeemable for the business’s products and services. These tokens will have a redeemable value of $1 to the issuing businesses for their products and services. However, the tokens will be sold to customers for less than $1 via the line system. This gives companies a new tax efficient way to raise funds and interest in their business without having to sell a physical product or service upfront.
With the overbacked nature of DM other stablecoin projects can use our stability to help keep their 1 to 1 peg with the us dollar by using our peg stability module system.
Pegged 1:1 to the U.S. dollar, fully overcollateralized, and controlled by no one. DM is unstoppable, no freezes, no central authority.
With a constant inflow of cash from the partnered businesses the Discount Dao is able to have the token holders vote on expansion projects or just increase the savings rate.
Discount Dao governance token. Used to vote on everything from interest rates to new business onboarding. this is the value accrual token for the system.
A one of a kind token invented by this protocol, allowing people to have an on chain gift card like token to shop with discounts.
Earn a native yield generated from a portion of the excess intrest collected from decentralized loans withdrawal anytime