Davos Protocol
The Davos Protocol offers a cutting-edge stablecoin ecosystem with its unique omnichain solution, featuring DUSD and its reward-bearing counterpart, sDUSD.
DUSD serves as a stablecoin hub, providing essential liquidity for users, while sDUSD functions as a multi-chain savings tool that allows for passive income generation. What sets Davos apart is its use of reward-bearing assets like LSTs and LRTs, as well as various stablecoins, to mint DUSD. This approach maintains the growth potential of assets while ensuring stablecoin liquidity.
The platform places a high priority on security, having undergone thorough audits by top-tier firms such as Quantstamp, Slowmist, and Veridise.
Integrations
Davos Protocol Expanding into Liquid Restaking Tokens (LRTs)
Mon 4th Dec 2023
Davos Protocol is expanding into the LRTFi sector and introducing a CDP solution that enables the collateralization of reward-bearing tokens. By integrating LRTs, investors can unlock a threefold yield advantage, gain exposure to the DGT token, and unlock DUSD for various DeFi activities. Davos Protocol aims to be the first stablecoin platform to venture into LRTFi and plans to introduce the DGT token as a TVL boost for integrated protocols.
New sDAI/DUSD pool on Balancer with boosted yields
Mon 4th Dec 2023
The Davos Protocol community has announced a new sDAI/DUSD pool on Balancer, paired with a farm on Aura Finance. This pool offers boosted yields, thanks to MakerDAO's innovative DAI savings rate (sDAI). Investors can now make their investments work harder.
Velodrome's frontend compromised, but Davos Protocol unaffected
Thu 30th Nov 2023
The frontend of Velodrome has been compromised, but this incident has not affected Davos Protocol's pools, contracts, or users' funds. Users are advised to avoid all links to the Velodrome website except for a confirmed safe mirror link. Velodrome team is working on fixing the issue.
Davos Protocol's Security Measures in Response to DeFi Vulnerabilities
Thu 16th Nov 2023
Davos Protocol is taking important security measures to protect its users in light of recent vulnerabilities in the DeFi space. These measures include a $500,000 bug bounty on Immunefi, completion of 4 audits by top firms, and an ongoing 5th audit. The goal is to ensure the safety of funds and provide users with confidence in their investments.
Davos Protocol to co-host AMA with Venus Protocol
Thu 16th Nov 2023
Davos Protocol has integrated vUSDT and vUSDC and will be co-hosting an AMA with Venus Protocol on November 23rd to address inquiries from their citizens. Participants can ask questions in the comments of the tweet to be answered live.
New features added to the Earn page on Davos Protocol
Mon 13th Nov 2023
Davos Protocol has introduced two new features on its Earn page. The first feature is a filter that enables users to browse through various assets, types of pools, and networks. The second feature is a sorting tool that allows users to easily view pools with the highest Total Value Locked (TVL) or yields. Users can now start seamlessly exploring DeFi opportunities with these new additions.
Exciting yield farming opportunities await on DeBank
Thu 9th Nov 2023
DeBank has become the latest hotspot for DeFi users, offering exciting yield farming opportunities. Keep your DMs unlocked for exclusive details.
Davos Protocol integrates vUSDC and vUSDT pools to enhance DUSD's price stability
Thu 2nd Nov 2023
Davos Protocol has announced the integration of Venus Protocol's vUSDC and vUSDT pools in an effort to strengthen the price stability of DUSD. This development also offers a new DeFi opportunity on the BNB Chain for yield farmers.
Important Update Regarding Galxe Campaign and Noble Role Access
Mon 9th Oct 2023
The Davos Protocol community provides an update about the recent Galxe incident, which affects the Noble Role access. Galxe website experienced issues and went offline, but has now been fully recovered with enhanced security measures. Users are advised to switch to Google's public DNS, clear browser cache, and double-check the site to ensure they are on the genuine platform. A manual workaround is available for accessing the Noble role on Discord. The Davos Protocol team apologizes for any inconvenience and prioritizes the security and satisfaction of the community.