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.