Matic engineers proposed the stable currency DefiDollar, using DeFi primitives to maintain US dollars

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Ethereum expansion plan Matic engineer Arpit Agarwal released a blog post introducing a new stablecoin DefiDollar (DUSD), the stablecoin was born in the ETHGlobal hackathon, as a stablecoin index, it maintains the dollar anchor and subsidies through the use of DeFi Mortgage rate. DUSD can achieve stable currency hedging, and it is a more stable stable currency, requiring only minimal governance. Currently supports DAI, TUSD and MKR (converted to base assets through Uniswap V2) to create DUSD.