Partnership: add DSD as a collateral asset

Adding DSD as a supplialble collateral asset within the ZENTEREST lending platform will bring one of the fastest growing projects in defi (along with its dedicated community and significant assets) into the Mantra ecosystem.

Dynamic Set Dollar: DSD is arguably the fastest growing algorithmic stablecoin launched to date. DSD has a current market capitalization of $128 million & $28.7 million in liquidity. The volume since inception (under two months) has exceeded $444 million at the time of this writing. The design of the Dynamic Set Dollar protocol used to return it to the peg of $1.00 makes it an excellent candidate to be used as a colletral asset in all of decentralized finance. Despite The DSD comminuity growing every day and millions being invested via options in the form of coupons; DSD is not a collateral asset on any defi money market protocols. Here at Dynamic Set Dollar, we believe we would be an excellent addition to this platform.

Précis:

DSD is a decentralized algorithmic self-stabilizing and censorship-resistant stablecoin without any collateral backing. Oracle-driven pricing for voluntary supply elasticity is used without having to trust third-parties. When valued over $1.00, the supply ramps up into expansion up to 10%. If the price falls bellow the peg of $1.00, mechanics incentivise Investors to burn supply. The goal of DSD is to create a truly permissionless, scaleable, stable store of value, that can be used as collateral in various decentralized finance platforms.

Regulation: 1/5/2021

Total Liquidity: $28,758,544 Token Supply: 140,826,400 Coupons (Options): 82,316,646. 43 Checkout https://www.dsd.tools for real-time satistics.

Introspection With the explosion of growth in the DSD community, sheer trading volume & consecutive days/weeks trending on popular cryptocurrency websites such as dextools and coingecko, DSD would add significant TVL to MantraDAO. DSD would also bring many additional users to the MantraDAO Platform and be reconized as a partner.

Resources

Website: https://dsd.finance Twitter: https://twitter.com/dsdproject ESD token contract: https://etherscan.io/token/0xBD2F0Cd039E0BFcf88901C98c0bFAc5ab27566e3 GitHub: https://github.com/dynamicsetdollar/dsd-protocol Medium: https://dynamicsetdollar.medium.com/ Discord: https://discord.gg/ynaz2b6r