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Deposit suitable collateral to mint OFD tokens, enabling you to leverage your assets while maintaining exposure to the U.S. Dollar.
Use OFD for seamless transactions within the decentralized finance ecosystem, facilitating efficient and stable payments.
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Lock your OFD tokens in the system for a chosen period to earn interest, providing a secure way to grow your dollar-denominated savings.
Deposit into the equity reserve pool to receive Pool Shares (OFDPS). Boost stability and gain a stake in the ecosystem.
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Oracle Free Dollar guarantees instant transactions, enabling users to send and receive funds in real-time without the delays typically associated with traditional banking systems.
Oracle Free Dollar prioritizes user privacy by ensuring all transactions are anonymous and fully decentralized, with no personal data ever being stored.
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Oracle Free Dollar operates on a fully decentralized network, meaning there’s no central authority controlling transactions or data, giving users complete autonomy over their assets.
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OFD is a groundbreaking decentralized finance protocol that allows users to mint stablecoins against a wide range of tokenized real-world assets
OFD is a decentralized, over-collateralized stablecoin that operates without external oracles. It's pegged to the US Dollar and is backed by various types of collateral. What makes it unique is that the system operates completely decentrally without external price feeds.
The main difference is that OFD doesn't rely on external oracles, making it less susceptible to manipulation. Instead, the system uses a community-driven mechanism for price discovery. The trade-off is that liquidations happen more slowly - taking days rather than minutes.
OFDPS (Oracle Free Dollar Pool Shares) are the system's governance tokens. Holders of these tokens:
- Benefit from fees and liquidation profits
- Can veto new proposals (2% of voting rights is sufficient)
- Bear the residual risk in liquidations
You can:
- Mint OFD against collateral
- Use OFD for payments
- Deposit into the Equity Reserve Pool to receive OFDPS
The system is over-collateralized - for every OFD issued, there must be at least equivalent value in collateral. If a position becomes under-collateralized, any participant can challenge it. The smart contracts are public and audited.
Early users can benefit from better interest rates and higher potential returns. As more users join the system, it becomes more valuable for all participants - creating a self-reinforcing effect.
