Digital Standard Unit

Digital Standard Unit is the new stable token in the Empty Set ecosystem. Its sole purpose is to be a stable token and as such will carry no governance rights, as opposed to the single token design in the previous version of the protocol. Users can freely mint DSU at the Empty Set DAO by placing USDC in the protocol's reserve. The users are also able to redeem DSU at any point through the same mechanism, retrieving the underlying assets from the reserve and burning the DSU token. Therefore DSU will have an elastic supply governed only by the demand for the token by its users. The Empty Set DAO can not mint or burn DSU via governance. When the next version of the protocol is launched DSU's supply will be 0 and can be immediately minted from the Empty Set DAO.

Contract: 0x605d26fbd5be761089281d5cec2ce86eea667109

Price: 1.004000000000 USD

Digital Standard Unit on Telegram: "Empty Set Dollar (ESD) is a decentralised stablecoin that uses an algorithmic approach to maintain price stability around $1 target by relying on a seigniorage model."