DAO APR: Day 28.79% Week 201.53% Year 10508.11%
LP APR: Day 68.86% Week 481.99% Year 25132.09%
Topic: [ANN] Scalable Dollar Protocol (Read 139 times)
Scalable Dollar Protocol is a decentralized algorithmic stable coin that uses a supply elasticity method around a Time Weighted Average Price (TWAP) oracle for price stability. The ultimate goal is to maintain the price of $SDP = 1 USD in the long term and create a viable alternative to existing centralized stable coins.
It is based on the very successful Dynamic Set Dollar, but with greatly improved parameters to ensure more organic growth and faster peg.
Epoch Time: 4 hours
Why epoch time 4 hours, well if epoch time is long it balances the coin, and if it's short it creates an opportunity for traders, we found out that 4 hours was a perfect balance.
Coupon Validity: 360 Epochs
While the coupons allow the platform to get rid of debt, they should not be valid forever as it also creates debt when the coin is overvalued, to force coupon users to cash out them we allowed coupons to be valid for 360 epochs which is a very long time for any trader.
Developer Fees :
Currently, ESD is paying 1.3 Million $ a month in dev fees ( at the time of writing this), this is due to the fact that dev gets 2.5% on every expansion.
In SDP developer fees are fixed to 3 X ADVANCE REWARD, which is around 120$ only.
DAO :
DAO logic in SDP is improved and proposals can be implemented faster, which means platform growth and improvement over time will increase exponentially as more and more talented minds join in.
Review :
The expansion rate is set the minimum to avoid sudden supply change, the LP ratio is balanced as well. Overall Scalable Dollar Protocol is more stable and will give better APY as compared to DSD & ESD.
PROTOCOL IS OPEN AND IS Controlled BY THE USERS, Developers can only purpose improvements, implementing them or not is purely unto the Users
https://sdp.finance
https://info.uniswap.org/token/0xff6bdb2cc116791c5c0163979b8bdf225ddd95e4
https://t.me/sdpfinance
https://sdp.finance/discord.html
It is based on the very successful Dynamic Set Dollar, but with greatly improved parameters to ensure more organic growth and faster peg.
Epoch Time: 4 hours
Why epoch time 4 hours, well if epoch time is long it balances the coin, and if it's short it creates an opportunity for traders, we found out that 4 hours was a perfect balance.
Coupon Validity: 360 Epochs
While the coupons allow the platform to get rid of debt, they should not be valid forever as it also creates debt when the coin is overvalued, to force coupon users to cash out them we allowed coupons to be valid for 360 epochs which is a very long time for any trader.
Developer Fees :
Currently, ESD is paying 1.3 Million $ a month in dev fees ( at the time of writing this), this is due to the fact that dev gets 2.5% on every expansion.
In SDP developer fees are fixed to 3 X ADVANCE REWARD, which is around 120$ only.
DAO :
DAO logic in SDP is improved and proposals can be implemented faster, which means platform growth and improvement over time will increase exponentially as more and more talented minds join in.
Review :
The expansion rate is set the minimum to avoid sudden supply change, the LP ratio is balanced as well. Overall Scalable Dollar Protocol is more stable and will give better APY as compared to DSD & ESD.
PROTOCOL IS OPEN AND IS Controlled BY THE USERS, Developers can only purpose improvements, implementing them or not is purely unto the Users
https://sdp.finance
https://info.uniswap.org/token/0xff6bdb2cc116791c5c0163979b8bdf225ddd95e4
https://t.me/sdpfinance
https://sdp.finance/discord.html
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