Visit deus.finance for more information. The cryptocurrency market is an unregulated asset class in India.

How does it work?

Due to its fractional reserve properties, DEI does not require over-collateralization. Many stables require more funds to be locked up than the tokens are worth to absorb fluctuations in value.

DEI is majority-backed by the collateral of a trusted stablecoin and fractionally backed by DEUS tokens. As mentioned previously, this ratio is dynamic. It is important to note that DEI’s behavior and characteristics are isolated per chain. For instance, if USDC on Mainnet were to collapse for some reason, the circulating DEI on other chains would be unaffected. In such a rare event, the only users negatively affected would be those attempting to bridge to and from the compromised chain during the window of instability. The DEI bridges will have a decentralized failsafe mechanism to shut down during such an occurrence.

Empowering cross-chain liquidity

DEI’s ultimate vision is to create cross-chain liquidity, such that users can bridge DEI to any chain and redeem it with zero slippage.

This is achieved in two ways. Firstly, due to DEI’s free-flowing composition, users can always redeem DEI for $1 by tapping into the currently existing stablecoin liquidity of external protocols. Additionally, users are incentivized to add to this liquidity by providing their own through yield farms that will reside on all chains within the deus.finance  ecosystem.

Stablefarm

The stablefarm is a low-risk, high reward farming pool designed to incentivize users to provide liquidity and suffer zero impermanent loss. The LP tokens are created by providing 50% DEI and 50% of a trusted stable, depending on the chain.

This pool yields 50% APY with no downside.

DEUS/DEI pool

The DEUS/DEI pool yields 100% APY and is targeted at those wishing to invest further in the DEUS ecosystem.

DEUS Finance and the $DEUS token

DEUS Finance is a decentralized derivatives clearinghouse and provides the infrastructure and support for third-party protocols to develop and build financial products, such as exchanges and lending protocols.

An example of this is dSynths, which is a synthetic stock and crypto asset trading exchange. All synthetics on dSynths will be paired with DEI, on all chains.

DEI will be utilized as the collateral mechanism for all third-party applications built on DEUS. For every DEI minted, $DEUS is burned, so there is a direct benefit for DEUS token holders and liquidity providers as the adoption of DEI expands.

The DEUS token sits at the core of the entire DEUS ecosystem. $DEUS is the protocol and governance token of DEUS Finance, as well as the unit of reward for the yield farms. 

The long-term vision for DEI

While DEI’s utility within the DEUS ecosystem is paramount, DEI’s utility will reach far beyond DEUS’s ecosystem into many other applications and blockchains. A stablecoin with DEI’s specific functionality has never been seen before. $DEI provides incredible utility to DEUS Finance and the DEUS token, while also adding a new layer of functionality to other DeFi ecosystems.

Considering DEI’s use-case and that it solves a market-wide problem of interoperability, DEUS Finance envisions major adoption of DEI. Users will have access to a stablecoin that they can bridge across dozens of blockchains, with no slippage, all through one native bridge. This level of functionality that DEI brings to the market makes projects built on any chain much more accessible to users and traders alike, while exposing users to the DEUS Finance ecosystem.

DEUS Finance is a next-generation derivatives sandbox that is bridging the gap between traditional financial markets and decentralized finance. DEUS Finance provides the infrastructure for third parties to build financial instruments, enabling them to leverage synthetic stocks, CFDs, options, prediction markets, OTC derivatives, futures, or anything that can be digitally verified by an oracle.

DEUS lowers the barrier to entry for third parties to implement these instruments into their platforms. Within both traditional finance and blockchain, the barrier to entry to implement these kinds of financial instruments into a platform is extremely high due to liquidity constraints, technology limitations, accounting fees, legal fees, and regulatory constraints.

What differentiates DEUS Finance from other platforms

  • Secure, high-volume, near-instant price-feed oracles
  • User-friendly infrastructure
  • Cross-chain liquidity 
  • Enhanced security
  • Plug-and-play modules / ready-made smart-contracts / SDKs 

V2 Apollo

Apollo launched successfully, which means we entered the V2 phase of the DEUS Finance Roadmap. The release of our new stablecoin, DEI, further broadens investment opportunities within the DEUS Finance ecosystem. Conservative investors can now take part in zero impermanent-loss stable farms which have a 50% APY ($DEI/$USDC) while others may choose to participate in the $DEUS/$DEI (100% APY), $DEUS/$ETH, $DEUS/$MATIC yield-farming pools. All pools are launched on Polygon and Ethereum networks, more chains will follow soon.

DEI — New advanced cross-chain stablecoin

$DEI is the backbone of the DEUS Finance ecosystem. It’s a cross-chain stablecoin, used as the collateral for all the financial instruments built on DEUS Finance, and offers users a simple and cost-efficient way to move liquidity between blockchains.

DEI is a fractional reserve stablecoin. What sets it apart from other stablecoins is that it is fully cross-chain, utilizing one native, unified bridge to all chains. This is made possible by the power of Muon.

Fractional-reserve stablecoins such as DEI allow for a stablecoin without the need for over-collateralization. DEI is considered low-risk because the majority of the collateral (80%, free-flowing) is backed by the underlying stablecoin. DEI is comprised of:

  • 20% $DEUS
  • 80% trusted stable (depending on the chain)

These figures are only an estimate. The collateral ratio of $DEUS in $DEI is dynamic and is updated every minute.

Aside from DEI having great cross-chain utility, it will also denote all collateral in the DEUS Finance system. 3rd-parties can build financial instruments with DEUS Finance, and every instrument bought and sold will utilize DEI as its collateral.

  • Buying $DEI burns $DEUS tokens
  • Selling $DEI mints $DEUS tokens

This mechanism ensures that $DEUS investors also benefit as DEI becomes a mainstream stablecoin.

How does it work?

Due to its fractional reserve properties, DEI does not require over-collateralization. Many stables require more funds to be locked up than the tokens are worth to absorb fluctuations in value.

DEI is majority-backed by the collateral of a trusted stablecoin and fractionally backed by DEUS tokens. As mentioned previously, this ratio is dynamic. It is important to note that DEI’s behavior and characteristics are isolated per chain. For instance, if USDC on Mainnet were to collapse for some reason, the circulating DEI on other chains would be unaffected. In such a rare event, the only users negatively affected would be those attempting to bridge to and from the compromised chain during the window of instability. The DEI bridges will have a decentralized failsafe mechanism to shut down during such an occurrence.

Empowering cross-chain liquidity

DEI’s ultimate vision is to create cross-chain liquidity, such that users can bridge DEI to any chain and redeem it with zero slippage.

This is achieved in two ways. Firstly, due to DEI’s free-flowing composition, users can always redeem DEI for $1 by tapping into external protocols’ currently existing stablecoin liquidity. Additionally, users are incentivized to add to this liquidity by providing their own through yield farms that will reside on all chains within the Deus finance ecosystem.

Stablefarm

The stable farm is a low-risk, high reward farming pool designed to incentivize users to provide liquidity and suffer zero impermanent loss. The LP tokens are created by providing 50% DEI and 50% of a trusted stable, depending on the chain.

This pool yields 50% APY with no downside.

DEUS/DEI pool

The DEUS/DEI pool yields 100% APY and is targeted at those wishing to invest further in the DEUS ecosystem.

DEUS Finance and the $DEUS token

DEUS Finance is a decentralized derivatives clearinghouse and provides the infrastructure and support for third-party protocols to develop and build financial products, such as exchanges and lending protocols.

An example of this is dSynths, which is a synthetic stock and crypto asset trading exchange. All synthetics on dSynths will be paired with DEI, on all chains.

DEI will be utilized as the collateral mechanism for all third-party applications built on DEUS. For every DEI minted, $DEUS is burned, so there is a direct benefit for DEUS token holders and liquidity providers as the adoption of DEI expands.

The DEUS token sits at the core of the entire DEUS ecosystem. $DEUS is the protocol and governance token of DEUS Finance, as well as the unit of reward for the yield farms. 

The long-term vision for DEI

While DEI’s utility within the DEUS ecosystem is paramount, DEI’s utility will reach far beyond DEUS’s ecosystem into many other applications and blockchains. A stablecoin with DEI’s specific functionality has never been seen before. $DEI provides incredible utility to DEUS Finance and the DEUS token, while also adding a new layer of functionality to other DeFi ecosystems.

Considering DEI’s use-case and that it solves a market-wide problem of interoperability, DEUS Finance envisions major adoption of DEI. Users will have access to a stablecoin that they can bridge across dozens of blockchains, with no slippage, all through one native bridge. This level of functionality that DEI brings to the market makes projects built on any chain much more accessible to users and traders alike, while exposing users to the DEUS Finance ecosystem.

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