Davos Protocol is a decentralized, multi-chain collateralized debt position (CDP) protocol. Its primary function is to allow users to lock up various crypto assets as collateral to mint DUSD, its native stablecoin designed to maintain a peg to the US dollar. The protocol aims to provide a resilient and unbiased stablecoin solution within the DeFi ecosystem. It operates on several blockchain networks, including Polygon, Ethereum, and BNB Chain, and is governed by holders of its utility token, DGT.

Founded in

India