Davos Docs
  • 🛬Welcome to Davos
    • Mission and Vision
  • 🌸Davos Explained
    • How Davos Works
      • Dynamic Borrowing and Monetary Policy
      • Minting and Utilizing DUSD
      • Innovative Use of Collateral
      • Dynamic Feedback Loop
    • Price Stability Mechanisms
    • Supported Collaterals
      • Expanding the Utility of Collaterals
    • Liquidations
    • Requirements and Fees
    • Benefits of Using Davos Protocol
  • ⚡Protocol Features
    • Omnichain Functionality
      • Bridge
    • Flash Mint
    • DUSD Savings Rate
  • 📚Guides and Tutorials
    • Provide Collateral
    • Borrow DUSD
    • Deposit in DSR
    • Withdraw DUSD from DSR
    • Bridge DUSD
    • Repay DUSD
    • Withdraw Collateral
    • Track or Start Liquidation
  • 🏛️Community & Governance
    • Governance
  • 📄For Developers
    • Development Details
      • Protocol
      • Bridge
      • Flash Mint
      • veDGT Governance
    • Addresses
      • Smart Contracts
      • Tokens
        • DUSD
        • sDUSD
        • Collaterals
    • Smart Contract API
  • 🛡️Security
    • Audit Reports
    • Risks & Best Practises
  • 🔖Resources
    • FAQ
    • Brand assets
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  1. Davos Explained
  2. How Davos Works

Minting and Utilizing DUSD

Upon depositing collateral, users can mint DUSD. This stablecoin is pegged to the dollar and offers users a reliable asset that can be used across multiple chains, thanks to the protocol's omnichain functionality. DUSD can be used within the Davos ecosystem or on any of our partnered chains.

Beyond its use in the Davos ecosystem, DUSD’s adaptability extends to a variety of DeFi operations, including liquidity provisioning, yield farming, and leveraged looping on our partner chains. These functions enable users to not only increase their return potential but also tailor their risk exposure, allowing for more effective financial strategies within the greater DeFi landscape.

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Last updated 11 months ago

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