The $DFY stablecoin
Bitcoin and Gold have a fixed supply. If you own a % of this supply, it cannot be changed. However, this makes it difficult to adjust to changes in demand (e.g. Bitcoin’s volatility).
Fiat currencies (e.g. EUR) are unfixed, but you are constantly losing a share of the supply (inflation).
A combination of the two would create a DeFi protocol, which changes in supply, but does this proportionally. i.e. If you hold 1% of the supply, you will always have 1% of the supply, even if the quantity in your wallet changes everyday.
$DFY is a decentralized stable-coin, with a flexible supply. The initial DFY supply will be minted in a genesis event, where 10% of the $DAFI token supply is locked as collateral.
$DFY is built with trust, transparency and fairness – three traits which are often missing.
$DFY is 100% allocated to the public ($DAFI holders)
Maintains your % holding while adjusting supply
Also, DFY is backed by real collateral in the genesis event
The people’s stablecoin.