What is DeFi Dollar?

DeFi Dollar is a stablecoin project established to enhance the DeFi ecosystem with a fully native and on-chain solution. The native token, $USDFI, is supported by a basket of ten assets on the Ethereum blockchain, which includes $AAVE, $CRV, $FXS, $LDO, $LINK, $LQTY, $SKY, $UNI, $WBTC, and $YFI.

The project aims to build a stablecoin that is censorship-resistant by integrating with established DeFi protocols such as Uniswap, Chainlink, Curve, Yearn, Frax, and Liquity. This approach focuses on composability and resilience, leveraging the trusted and liquid assets as collateral to underpin the value of $USDFI.