DefiDollar Listing on AscendEX – Bitcoin News Press Release


PRESS RELEASE. AscendEX, formerly BitMax, a leading digital asset trading platform built by Wall Street quantitative trading veterans, has announced the listing of the DefiDollar Token (DFD) among the couple USDT / DFD on April 29 at 1:00 PM UTC.

DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a broad product suite. The first product offering to go live is the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aims to be a risk-insured stablecoin tier for DeFi. It is designed to provide users with a safe and stable way to hold their assets, with DUSD optimized for peg safety, yield and diversification.

DefiDollar uses DeFi primitives to stay close to the dollar sign. DUSD provides a way to diversify stablecoin holdings to hedge against an event where the underlying stablecoins such as Tether or DAI deviate from their peg. DUSD is backed by Curve Finance LP tokens.

DFD is the native token of the DefiDollar protocol and serves two primary functions: governance and as a protocol backstop in the event of a black swan event.

The DeFiDollar team is also working on a range of additional ecosystem tools, including synthetics, indices and option products. The next product to be released by DefiDollar is ibBTC, a BTC index launched in partnership with Badger DAO.

DefiDollar brings together a team with exceptional experience, from Google to Y-Combinator backed startups and India’s first Crypto Unicorn – Polygon.

About AscendEX

Originally founded in 2018 as BitMax.io, AscendEx is a leading crypto and digital asset financial platform targeting both professional and retail traders. The location offers place, futures, margin trading and expansion products and incorporates key elements from the DeFi space to promote a unique market structure for users. AscendEx is led by a team of Wall Street veterans who have applied the rigors of traditional markets to create a robust, safe and reliable experience for all participants; and a consistent source of liquidity for primary offers.

For more information and updates, please visit:

Website: https: //ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEX English

Medium: https://medium.com/ascendex

About DefiDollar

DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi. DefiDollar brings together a team with exceptional experience from Google to Y-Combinator backed startups and India’s first Crypto Unicorn – Polygon.

For more information and updates, please visit:

Website: https://dusd.finance/

Twitter: https://twitter.com/defidollar?s=20

Telegram: https://t.me/defidollar_community

Blog: https://medium.com/defidollar/


This is a press release. Readers should do their own due diligence before taking any action in relation to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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