Open Dollar

Borrow against Liquid Staking Tokens & Arbitrum native assets with our flexible and transparently over-collateralized stablecoin

🌴

[Open Dollar @open_dollar]

The Vault Keeper Program has officially begun! 🥳

🔩 Earn Bolts and get rewarded for using and promoting the Open Dollar protocol

Register today and be the first to share your referral link with your friends - they get a welcome bonus and you get 10% of all the Bolts they earn!

📢See our announcement to get started: https://t.co/1B6ejgnYt9

[Open Dollar @open_dollar]

Time to top up those risky vaults. Stay safe, friends.

[Open Dollar @open_dollar]

Read more about Non-Fungible Vaults:

https://t.co/w0xxqRRNnP

[Open Dollar @open_dollar]

Liquity V2 (an upcoming decentralized stablecoin) codebase is live so we can share this: their CDP uses the same Non-Fungible Vault design as Open Dollar.

That means Liquity V2 and Open Dollar vaults could each be traded as NFTs. 👀

[Liquity @LiquityProtocol]

The Liquity V2 codebase is now public! 🚨 📣

https://t.co/0JiAXZvzEY

This opens the doors for developers to build on top of V2, and redefines the future of borrowing in DeFi

A 🧵 on the endgame for borrowing 👇

[Open Dollar @open_dollar]

@letsgethai @0xSpicySoup @reflexerfinance @SIGNAL_RETURN @arbitrum 💘

[Open Dollar @open_dollar]

@newsereum @protocol_fx Here's the contract for OD. No freeze function.

https://t.co/2Jlg7N9a7n

[Open Dollar @open_dollar]

@coderdannn @CupOJoseph Never

[Open Dollar @open_dollar]

Open Dollar founder, @CupOJoseph, took the main stage for a keynote on building stable currencies at ETH Tokyo today.

The energy in this room is incredible!

[Ethereum Japan @Ethereum_JP]

We’re Kicking Off Day 2 of #ETHTokyo with a fantastic talk on how to build the next generation of Stablecoins by @CupOJoseph 🪙

[Open Dollar @open_dollar]

Borrowers should buy OD so the redemption rate goes down.

[Reflexer @reflexerfinance]

Controller Rate Update 🗿

- Reflexer: 7.996%
- @letsgethai: 25%
- @open_dollar: 29.045%

[Open Dollar @open_dollar]

@pashov No way! Every vault on Open Dollar is a 721 and everyone loves it

[Open Dollar @open_dollar]

Market: 1 OD = $1.00

Protocol: 1 OD = $1.0087

Even more stability measures are coming

[kyoronut🛡️ | きょろナッツ @kyoronut]

RAI https://t.co/qbn4azItlo
HAI https://t.co/q8TzuGHmpY
OD https://t.co/EbG37n2INu

@reflexerfinance @letsgethai @open_dollar

[Open Dollar @open_dollar]

Open Dollar mentioned 👀

https://t.co/PIUKmo0qNr

[Open Dollar @open_dollar]

@PendleIntern Should we make people recite this when they take more than 2x leverage on Pendle PT tokens on Open Dollar?

[Reflexer @reflexerfinance]

Looks like @open_dollar is a real Money God now 🗿

[Open Dollar @open_dollar]

@goforlindsey Check it out! https://t.co/TACW6EuQfn

[Open Dollar @open_dollar]

@digital_monad @pendle_fi @CreditGuild @letsgethai Pendle PT tokens coming as a collateral type on Open Dollar this week too!

[Open Dollar @open_dollar]

Check out our docs to learn more📖🙇‍♂️ https://t.co/0HLowbC2Bq

Ask questions in our discord⁉️
https://t.co/5T3kL49t49

[Open Dollar @open_dollar]

Voting to turn on our PI controller is live 🔥

The PI (Proportional Integral) controller adjusts the redemption rate of OD to maintain OD price stability

The PI controller:
1️⃣ Aligns market price with OD target peg
2️⃣ Automatically creates arbitrage opportunities
3️⃣Prevents bad debt and maintains a healthy protocol

Cast your vote below👇
https://t.co/dPdLN3Fsbv

[Open Dollar @open_dollar]

🗳️ Cast a vote to add @pendle_fi PT-rETH & PT-wstETH as supported collaterals to Open Dollar!

📣 Voting closes at 3:42am ET, July 28th

Cast your Vote👇
https://t.co/H934yIRcI4