dhive
avatar

Open Dollar Governance


Description

Unverified information. Please do your own research.

Open Dollar is a stablecoin protocol built on Arbitrum, designed to help users yield and leverage their assets with safety and predictability. Users can deposit liquid staking tokens (LSTs) and other Arbitrum-native assets into Non-Fungible Vaults (NFVs) to borrow the OD stablecoin through low-interest loans.

The protocol employs a minimized-governance approach to ensure longevity and fairness. The Open Dollar Governance (ODG) token powers the DAO, which can vote to add new collateral types but is otherwise restricted. It cannot mint new OD tokens or alter parameters such as fee distribution, preserving the stability and predictability of the platform. This governance model ensures that Open Dollar remains a reliable and user-focused stablecoin protocol.

Socials

Overview

Proposals
8
Voters

Cumulative value for all proposals

93
On-chain
Off-chain
Network
avatar
Arbitrum