Derived Tokenomics Explainer
We are delighted to introduce our tokenomics of the Derived native token, also known as DVDX.
We have a Dual IDO coming up, starting 13th October 2021 on Poolz and the OccamRazer Launchpad. We are super excited so let’s dive into the details about DVD token and tokenomics of Derived.
The DVDX token is the main token on the Derived platform, and the token has three use cases.
· Staking and minting — with the DVDX token you can mint the Synthetix stable coin USDx. The USDx token is the only platform stable coin that can access all features on the platform. Staking DVDX tokens and minting USDx will allow the platform to operate and maintain liquidity.