We are excited to announce that Frontier has entered into a strategic partnership with DefiDollar, A Stablecoin Index protocol to introduce Native DeFiDollar Suite integration which includes DeFi Dollar Savings, DFD Vault in Frontier DeFi interface and a joint liquidity mining program featuring FRONT/DUSD pool UniSwap 15,000 $DFD + 25,000 $FRONT rewards for three months.
DeFiDollar $DUSD is a Stablecoin index where Users deposit stablecoins such as USDT, DAI, TUSD, and sUSD and mint $DUSD.
The DeFi Dollar team recently proposed a list of incentivized Liquidity pools in which Frontier was included under ecosystem partners. This joint liquidity mining program aims to educate users and tap into each community to increase the exposure and awareness around the projects. The program also encourages the community to participate in on-chain activities which helps in increasing the TVL of the protocol and incentivizes users at the same time.
Taking this partnership further to greater heights, Frontier will integrate the DeFi Dollar suite in its Application. The DeFi Dollar suite includes the Savings feature*, DFD Vault* and minting $DUSD. The integration will allow the Frontier user base to access the savings and stablecoin index while also benefiting the DeFi Dollar community and existing protocol users to track and manage their positions using Frontier Mobile interface.
Speaking about this collaboration, Siddharth Jain, Co-founder of DeFi Dollar said
"As a part of our strategy to reach a broader Defi users base Frontier is a natural fit with its brilliant feature set. Having experienced first hand the smooth UX of Frontier, it makes us glad to offer the DefiDollar suite products on Frontier. This will further usage and we will continue to explore ways to further collaboration to develop and promote both projects"
“As part of our FUSD Initiative, we are cooperating with more stablecoin projects, including DUSD, to explore how liquidity bootstrapping can be further incentivized” said Ravindra Kumar CEO of Frontier. “Our partnership with DUSD reinforces these aims through a 3-month DUSD-FRONT pool with $DFD rewards, allowing participation in DefiDollar governance and $FRONT. we see this as a value-add for both sides and will continue to work hard promoting both DefiDollar and the DFD suite of initiatives.”
- DUSD Savings Account - Simple way to earn interest on your stablecoin assets with no impermanent loss risk
- DFD Vault - DFD staking vault where the user gets ibDFD in return — an interest bearing token that gets stronger as the protocol accrues income.
DefiDollar ($DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It aims to provide a safe and stable way for users to hold their assets. $DUSD is a stablecoin optimized for peg safety, yield and diversification. The basket approach diversifies the risk, allows more types of collateral to be onboarded and allows integration with yield generating DeFi primitives.
Frontier is a Chain Agnostic DeFi Aggregation layer. Using Frontier, Users can Track and Manage DeFi positions, Stake Assets, Swap or Exchange Assets and explore more DeFi Applications in one single place. Frontier is also building Frontier chain, which is a Decentralized Key Management blockchain based on Cosmos SDK.