Decentralized stablecoins for the future
Discount Dao is a decentralized system that brings the savings to you. Save both on the cost of real world products with the P&S tokens and interest rates on loans as cashflows from the partnered businesses add liquidity and make debt cheaper. Discount Dao also offers leading risk free savings rates on your DM stablecoin as not only does DD collect interest from loans but also receives income from business partners that can be passed to savers.
THE HOW
The three primary principles of how DD works
SAFETY
You are the sole owner of your DD tokens. Our vaults are non custodial. You control your assets the way you want. Guaranteed security all on chain and backed by stable coin.
TRANSPARENT
Through transparent communication and a commitment to shared success, Discount DAO welcomes partners to join us in shaping the future of savings and convenience for our members.
DECENTRALIZED
Through transparent communication and a commitment to shared success, Discount DAO welcomes partners to join us in shaping the future of savings and convenience for our members.
Frequently Asked Questions
If you have a question that isn't covered in our FAQ section, submitting a form is quick and easy. Our team will review your submission and provide a detailed response. We regularly update the FAQ section based on user feedback, so your question may help other community members as well.
Who holds the assets I am borrowing against?
You and you alone control your crypto. The vault holding your collateral
is only accessible by you. It is held in an immutable smart contract.
What happens if DM is under a dollar in value?
You now have the ability to make a risk free arbitrage. You can buy up the discounted DM and repay your loans at face value. This can allow you to profit off of borrowing money while making sure DM gets back to peg right away.
What happens if DM is trading for more than $1.00
You can take a stablecoin and mint DM through the pegged stability module and then sell the DM for a risk free profit. You can also take out a loan, sell the DM and then repay the loan once DM is back to one dollar and repegged.
What is the emissions schedule for DD?
DD is not inflationary. It starts with 1,000,000,000 tokens and will not exceed that supply. It will in-fact go down as buybacks occur.
What is a P&S Token used for?
P&S Tokens while worth and redeemable for $1.00 can be obtained through the line at a discount allowing you to get the best discount at your favorite companies. They can also be used for cheap borrowing of DM to used in DeFi.
Where do savings rate returns come from?
A portion of the interest on all loans is used to pay out the savings rate.
The more loans out, means more revenue for the savings rate.
Businesses invested
The Discount Dao is completely self funded so everyone can have fair access to the financial tools they need.
Bringing Stable coin convenience to investors worldwide
Decentralized stablecoins are more resistant to censorship, government intervention, and single points of failure compared to centralized stablecoins. This resilience stems from their decentralized nature, making them less vulnerable to regulatory crackdowns or operational disruptions.
uncensorable
No person, organization, or any three letter
agency can prevent your transactions. Unlike centralized stable coins like USDC, The DM Stablecoin has no centralized entity to freeze your tokens. Once you have DM Stablecoin, it is your's, and your's alone.
NAtive risk free yield
Earn on your stablecoins without the risk of
third party entities. Get your cut of protocol revenue risk free. Withdraw anytime.
Code runs 24/7.
Governance Improvements
With DD you can have a say in governance and improvements to the protocol and benefit from your own efforts. With DD you can vote to change interest rates, onboard new business partners, and roll out new features. With DD, you have control!
Robust in all markets
With a robust over collateralized design DD is set for success in every market. Stablecoins are the bedrock of the new financial system.
