DApp Store

All chains arrowright

All chains

Manta

zkSync Era

Base

Linea

Chiliz

ETH

BSC

Polygon

Sei

Sei V2

Plume

Fuel

World Chain

Sonic

Katana

Hyper EVM

Monad Testnet

Monad

APChain

ENI

Mova

Sahara AI Testnet

Plasma Testnet

Lens

Babylon Genesis

Hemi Network

svmBNB

Abstract Mainnet

Soneium

Berachain

Story Mainnet

Matchain

Arbitrum

Optimism

Bitcoin

Bitcoin Testnet

Bitcoin Signet

ZetaChain Mainnet

Zeta Evm Testnet

opBNB

Scroll

Core

Mantle

Sui

TRON

Solana

Aptos

Movement Testnet

SOON Devnet

SOON Mainnet

Fantom

Starknet old

Starknetv2

Nautilus

Polygon zkEVM

Avalanche-C

Celo

Heco

OKC Chain

KLAY

Cronos

WAX

Gnosis Chain

EOS

Terra Classic

NEAR Protocol

Harmony

Aurora

KCC Chain

Boba Network

Fuse

KardiaChain

IOST

ClassZZ

Caduceus

TRUE

Velas

smartBCH

Vision

Cosmos

TomoChain

Findora

GateChain

BitTorrent

Callisto Mainnet

Meter Mainnet

HALO

Yotta

IoTeX

Kava

BRISE

Telos

DogeChain

zkSync

PEGO

Fsc Scan

ThunderCore

Conflux eSpace

Shardeum Liberty 2.X

Ethereum Classic

Berachain Artio

Artio Testnet (Berachain)

Morph Testnet

Morph Holesky

Morph

Lumia

Merlin Chain

Sonic Testnet

Osmosis

Nillion Testnet

XION

Babylon Testnet

zkfair

Blast

Degen

Bitlayer

Taiko

Celestia

Saga

Mode

Ton

Coreum

BOB

Aleph Zero EVM

MEGA Testnet

Stellar

Kite Testnet

X Layer

Ethereum Sepolia

Noble

Stable Testnet

0G Mainnet

Stable

Plasma Mainnet

Ink

JuChain

Morph Hoodi

Pharos Testnet

PopChain

Open Dollar

Open Dollar is an over-collateralized stablecoin protocol, Support borrow against Liquid Staking Tokens & Arbitrum native assets.

What is Open Dollar?

Open Dollar is a decentralized finance (DeFi) protocol that allows users to leverage their digital assets by creating Non-Fungible Vaults (NFVs) and minting the OD stablecoin. The project aims to provide a flexible and transparent platform for borrowing and lending, enhancing the utility of liquid staking tokens.

How Does Open Dollar Work?

Users deposit collateral such as rETH, wstETH, or ARB tokens into NFVs, which are unique NFT-controlled collateralized debt positions. Against this collateral, they can mint OD stablecoins. These NFVs can be transferred or sold, introducing tradable loans in DeFi. The protocol employs mechanisms like redemption rates to maintain OD's stability.

What Makes Open Dollar Unique?

Open Dollar introduces NFVs, enabling the transfer and sale of collateralized debt positions as NFTs. The OD stablecoin is backed solely by ETH-based assets, ensuring transparency and minimizing counterparty risk. The protocol's governance model allows for the addition of diverse collateral types, promoting scalability.

Who Are the Founders of Open Dollar?

Specific information about the founders of Open Dollar is not readily available in the provided sources.

Latest News

What Key Events Have There Been for Open Dollar?

On April 25, 2024, Open Dollar launched its mainnet on the Arbitrum network after successful audits and testnet feedback. This launch introduced tradable vaults and the OD stablecoin, marking a significant milestone in DeFi.

Project Announcements

The mainnet launch introduced features like NFVs and the OD stablecoin. Users can now deposit collateral, borrow OD, and participate in auctions. The protocol plans to add more collateral types and features guided by the DAO roadmap.

Upcoming Events

Latest Airdrop

Information about upcoming airdrops is not specified in the provided sources.

ICO

Details regarding an Initial Coin Offering (ICO) are not available in the provided sources.

IDO

Information about an Initial DEX Offering (IDO) is not specified in the provided sources.

TGE

Details about the Token Generation Event (TGE) are not available in the provided sources.

Projects Announcements

Where to Buy Open Dollar?

Open Dollar (OD) can be traded on decentralized exchanges like Uniswap V4 on the Arbitrum network. The primary trading pair is OD/USDC.

Open Dollar Price

Daily Trading Volume

As of the latest data, the 24-hour trading volume for OD is approximately $6,058.

All-Time High

The all-time high for OD was $1.06 on October 20, 2024, which is approximately 0.96% higher than the current price.

All-Time Low

The all-time low for OD was $0.88 on August 4, 2024, which is approximately 19.48% lower than the current price.

Market Cap and Valuation

Market Cap

The current market capitalization of OD is approximately $153,983, ranking it at #4398 among cryptocurrencies.

Fully Diluted Valuation

Specific data on the fully diluted valuation of OD is not available in the provided sources.

Open Dollar Price Prediction

While specific price predictions for OD are not provided, factors influencing its price include the demand for leverage on supported collateral types, market sentiment, and overall adoption of the protocol. The redemption rate mechanism also plays a role in stabilizing OD's price.

FAQ

What is the Purpose of Open Dollar?

How Can I Participate in Open Dollar's Ecosystem?

What Sets Open Dollar Apart from Competitors?

Is Open Dollar Secure?

What are the Risks Associated with Open Dollar?

Community Sentiment

25.43K Votes

50% 50%

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.