Dios Finance, inspired by OlympusDAO, seeks to solve problems by creating a token, backed by a variety of assets and focused on offering expansion as well as control. The team hopes that DIOS will be able to maintain its purchasing power in the face of market volatility.
About Dios Finance
Dios Finance includes a protocol-driven treasury, protocol-owned liquidity (POL), a bond mechanism and stake placement reward, all of which help to regulate supply expansion. The bond sales generate revenue for the protocol, which is used by the treasury to mince DIOS and distribute it to the participants. The protocol can accumulate its own liquidity through the use of liquidity bonds.
Other features:
| 1 | DIOS is not a stablecoin. On the other hand, it intends to become an algorithmic reserve token, backed by other decentralized assets. |
| 2 | DIOS, like the gold standard, provides its users with free floating value that they can always rely on, thanks to the partial government reserves from which DIOS derives its intrinsic value. |
DIOS can only be issued or burned by protocol as it controls the assets in its treasury. This also ensures that the protocol can always support 1 DIOS with 1 BUSD.
The reward return - the percentage that your wagered DIOS balance increases in the next era. This is also known as rebase speed. You can find this number on the Dios betting page.
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Rebase — a mechanism by which your DIOS balance is automatically increased. When a new DIOS is minted, according to the protocol, most of it is sent to the stakers. Since the participants in the bet see only the DIOS balance with the bet, and not the DIOS, the protocol uses a rebasing mechanism to increase the DIOS balance with the bet, so that 1 DIOS with a bet can always be exchanged for 1 DIOS. You can get more information through the introductory document. The RoadMap section marks future updates.
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