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**DarkNess Dollar** is a stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. This means **DarkNess Dollar** is a stablecoin to have part of its supply floating/unbacked. The ratio of collateralized and algorithmic depends on the market's pricing of DarkNess Dollar stablecoin - **DUSD**. If **DUSD **is trading at above $1, the protocol decreases the collateral ratio. If **DUSD** is trading at under $1, the protocol increases the collateral ratio. **DarkNess Dollar** attempts to be the first stablecoin protocol on Cronos chain to implement design principles of both Entirely Collateralized and Purely Algorithmic Stablecoins. We are aiming to create a highly scalable, trustful, extremely stable, and ideologically pure on-chain money.  **Linked projects:** [DarkCrypto](/project-detail/darkcrypto/r/recWKFIuEML9GfTva)


Categories: Stablecoin

Tags: Stablecoin