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Tokens

DIBS - dibs.money Token

DIBS token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain DIBS's peg of 1000 DIBS = 1 BNB in the long run. Initial distribution: Genesis pools - 11 000 DIBS DAO - 300 DIBS Contract: 0xFd81Ef21EA7CF1dC00e9c6Dd261B4F3BE0341d5c
Note that DIBS actively pegs via the algorithm, it does not mean it will be valued at 1000 DIBS : 1 BNB at all times as it is not collaterized. DIBS is not to be confused for a crypto or fiat-backed stablecoin.

DSHARES - DIBS Shares

DIBS Shares (DSHARE) are one of the ways to measure the value of the DIBS Protocol and shareholder trust in its ability to maintain DIBS close to peg. During epoch expansions the protocol mints DIBS and distributes it proportionally to all DSHARE holders who have staked their tokens in the Piggybank.
DSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the DIBS money ecosystem.
DSHARE has a maximum total supply of 70000 tokens distributed as follows:
  1. 1.
    DAO Allocation: 4500 DSHARE vested linearly 12 months + 500 DSHARE airdropped *
  2. 2.
    Team Allocation: 4640 DSHARE vested linearly over 12 months + 358 DSHARE airdropped
  3. 3.
    Rewards: 60000 DSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
  4. 4.
    Initial mint: 2 DSHARE minted upon contract creation for initial pool
Contract: 0x26d3163b165BE95137CEe97241E716b2791a7572
  • Devs will use treasury funds in any way they feel is best for the long term success of the protocol.

DBOND - DIBS Bonds

DIBS Bonds (DBOND) main job is to help incentivize changes in DIBS supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of DIBS falls below 1000:1 BNB , DBONDs are issued and can be bought with DIBS at the current price. Exchanging DIBS for DBOND burns DIBS tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These DBOND can be redeemed for DIBS when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for DIBS when it is above peg, helping to push it back toward 1000 DIBS to 1 BNB ratio.
Contrary to early algorithmic protocols, DBONDs do not have expiration dates.
All holders are able to redeem their DBOND for DIBS tokens as long as the Treasury has a positive DIBS balance, which typically happens when the protocol is in epoch expansion periods.
Contract: 0xD9aea1A6DEe1329336abcf188A7b736deF978734