Dollar Protocol

An ecosystem of algorithmic synthetic assets governed by Share holders

What is Dollar Protocol?

Dollar Protocol is a suite of algorithmic synthetic assets governed by Share holders. Seigniorage Shares (SHARE) is an ERC-20 token that simultaneously gives its holders on-chain voting rights to make protocol amendements and upgrades, as well as receiving seigniorage profits.

SHARE holders govern a suite of algorithmic synthetic assets, including USD, EUR, and YUAN. These assets self-stabilize using protocol-enabled supply expansions and contractions around a Time Weighted Average Price (TWAP) oracle from the incentivized trading pool on Uniswap.

As of 12/29/2020, only USD is live. EUR and YUAN will be launched after certain milestones have been met in 2021.

Features

Dollar Protocol has a number of features that make it unique.

  • Decentralized - the protocol upgrades contracts and amends protocol parameters through on-chain SHARE governance‚Äč

  • Parametizable - the protocol has multiple levers that SHARE holders can modify and change, including payout ratios, time delays and more

  • Self-Stabilizing - the synthetic assets uses on-chain price oracles

  • Multi-Token - the protocol separates users and stakeholders into distinct token groups with SHARE, USDx and xBOND

  • Multi-Currency - the protocol can issue multiple algorithmic synthetic assets, all of which can accrue value to Share holders