Generalize
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DFD serves as DefiDollar's governance token, enabling holders to engage in protocol governance and serve as a safeguard for $DUSD against significant peg deviations.
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What is DefiDollar?
DefiDollar is a multi-chain DeFi Protocol Lab that is developing various products for the open finance ecosystem. These products include indexes, yield diversification, and capital-efficient loans. The DefiDollar Product Suite consists of:
DefiDollar (DUSD) - The Stablecoin Index: This index aims to decrease the risk of volatility and systemic failure by creating an index initially backed by Curve LP tokens.
Interest-bearing Bitcoin - ibBTC: This is an interest-bearing BTC product that is being developed in collaboration with BadgerDAO.
Opeth - Option-backed synthetic assets: Opeth combines a put option with underlying collateral to enable various use cases, including capital-efficient stablecoin loans.