Dopple Ecosystem: Weekly Update Article — 1 Nov 2021

Hi everyone, it’s time for our weekly update! Our team is well aware of the current situation regarding the DOPX supply. Therefore, despite the regular wrap-up, we also come up with the latest announcement in this article.

Special Announcement — Actions Towards DOPX Supply Control

As mentioned, we are well aware of the current situation of DOPX price that has dropped significantly for the past week, which affects the stability of KUSD, both results in negative effect for the ecosystem.

With a lot of redemption of KUSD, there is an unprecedented increase in DOPX supply.

One of the main problems is that the current reward of using KUSD is not worth holding, together with a lot of selling. While we are expanding partnerships to utilize KUSD, with some more coming up this month, we decide to make some changes to the current DOPX situation.

In order to mitigate this problem, we will make adjustments as follows:

  1. DOPX emission rate will be increased by 10 times. On average, this should increase APR by a lot. We believe this emission might reduce the minting DOPX from redemption and hence the supply is better controlled
  2. KUSD-BUSD-USDC LPs farm will be increased to 300x
  3. DOPX single pool farm will be decreased to 5x
  4. All other stablecoin pools farm will be reduced to 10x

The changes will be effective on November 1, 2021, 11 PM UTC.

Please note that this adjustment is made as a preliminary action and is subject to change after monitoring the market.

What Else From the Past Week

Dopple Finance x PrivacySwap — The PrivacyCards

In partnership with PrivacySwap, we bring to you the crypto debit card that allows you to purchase everything with your digital assets seamlessly. More information is coming soon. For now, you can register your interest in this form https://forms.gle/8PVsmWC5ryBqW2fm6

Trading Synthetic Assets Just Got Cheaper!

Just a friendly reminder that the fee of minting and redemption of tAssets is now cheaper than ever. Please refer to the following adjustments:

  • Minting Fee: from 0.3% to FREE
  • Redemption Fee: from 0.7% to 0.3%

Stay Tuned for the New tAssets of the Week

The voting continues but will be closing soon! What tAssets you want to see next on Twindex?

Vote now

✅ Learn more about each of themhere

Twindex Is Onboarding Certik for Security Check

We are pleased to inform you that we are now working closely with Certik to have our platform assessed by an experts. Security is what we never compromise and we hope to come up with the good news soon!

Until next week!
Dopple and Twindex Team

Website:
dopple.finance
twindex.com

Twitter:
https://twitter.com/dopplefi
https://twitter.com/twindexcom

Telegram:
https://t.me/dopplefi
https://t.me/twindex

--

--

--

Dopple.finance — Best Rate Stablecoin Exchange | Twindex.com — First Synthetic Assets Exchange on BSC

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Venus Protocol dips its toes in SYRUP Pool.

What is Malware, and Can you Detect it?

Top ETH Whales Accumulating SHIB, APE, MANA, Amidst Crypto BloodBath Says On-Chain Data

It’s My Birthday 🎉

Image of Birthday Cake

The true cost of KYC (and how Authenteq lowers it!)

Don’t Scan My Website I: Exploiting an Old Version of Wappalyzer

Red Bull teams up with with cybersecurity leader Arctic Wolf

EchelonDAO: Smart Contract Audit Report

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Dopple DeFi Ecosystem

Dopple DeFi Ecosystem

Dopple.finance — Best Rate Stablecoin Exchange | Twindex.com — First Synthetic Assets Exchange on BSC

More from Medium

Tomb Finance: A Bet on the Future of Fantom Opera

JetFuel Finance Year in review:

Anchor Protocol Degenbox Strategy (DYOR):

$ReFi — Farming Strategy update