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USDEFI

An autonomous stablecoin network designed for DeFi powered by BNB.

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Overview

What is USDEFI?

USDEFI is a USD-pegged stablecoin used within the DCNTRL Protocol, that allows users to draw loans against Binance Coin (BNB) collateral. DCNTRL Protocol is a decentralized lending protocol that enables you to draw loans against Binance Coin utilized as collateral. Loans are disbursed in USDEFI (a USD-pegged stablecoin) and are required to sustain a collateralization ratio of 110%. Besides the collateral, the loans are backed by a stability pool containing USDEFI and by the collective assurance of other borrowers acting as the ultimate guarantors.

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