DEI Stablecoin Depegging - Revision history

Azoundria: New source to integrate.

2023-09-14T23:54:07Z

New source to integrate.

← Older revision		Revision as of 17:54, 14 September 2023
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	DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new "DEI" coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. While CoinGecko has listed the new token, most public sites such as CoinMarketCap and CoinBase have yet to list the new token.		DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new "DEI" coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. While CoinGecko has listed the new token, most public sites such as CoinMarketCap and CoinBase have yet to list the new token.

			Need To Integrate: <ref>https://twitter.com/DeusDao/status/1525090988196147200 (Oct 26, 2022)</ref>

	== About DEI ==		== About DEI ==

Azoundria: Another 30 minutes completed. Prevention section completed now.

2023-07-04T21:35:15Z

Another 30 minutes completed. Prevention section completed now.

← Older revision		Revision as of 15:35, 4 July 2023
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	{{Case Study Under Construction}}[[File:Deistablecoin.jpg\|thumb\|DEI]]DEI aimed to create a stablecoin which could be swapped across multiple chains without any cost. Unfortunately the protocol ~~depended~~ on the availability of liquidity in farming pools. ~~In other words, the~~ whole thing depended on there being persistent demand for the stablecoin token.		{{Case Study Under Construction}}[[File:Deistablecoin.jpg\|thumb\|DEI]]DEI aimed to create a stablecoin which could be swapped across multiple chains without any cost. Unfortunately, after losing a significant amount of collateral in March 2022, the protocol became dependant on the availability of liquidity in farming pools. The whole thing depended on there being persistent demand for the stablecoin token.

	DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. ~~Most~~ public sites such as CoinMarketCap and CoinBase have ~~not~~ yet ~~listed the new token. CoinGecko has listed~~ the new token.		DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new "DEI" coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. While CoinGecko has listed the new token, most public sites such as CoinMarketCap and CoinBase have yet to list the new token.

	== About DEI ==		== About DEI ==
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	\|May 19th, 2022 9:30:00 AM MDT		\|May 19th, 2022 9:30:00 AM MDT
	\|Remaining Busy Behind The Scenes		\|Remaining Busy Behind The Scenes
	\|DeusDao posts to announce that they remain busy behind the scenes working on repegging the token<ref name="deusdaotwitter-9417" />.		\|DeusDao posts a quick update to announce that they remain busy behind the scenes working on repegging the token<ref name="deusdaotwitter-9417" />.
	\|-		\|-
	\|May 19th, 2022 11:08:37 PM MDT		\|May 19th, 2022 11:08:37 PM MDT
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	\|The DeusDao team announces that redemptions are now available and links to their redemption page on Twitter<ref name="deusdaotwitter-9414" />.		\|The DeusDao team announces that redemptions are now available and links to their redemption page on Twitter<ref name="deusdaotwitter-9414" />.
	\|-		\|-
	\|May ~~27th~~, 2022 5:00:~~00 AM~~ MDT		\|May 26th, 2022 1:21:49 PM MDT
	\|Dynamic Redemption Tranches		\|Dynamic Redemption Tranches
	\|The DeusDao team announces dynamic redemption tranches on Twitter and links to a Medium page<ref name="~~deusdaotwitter~~-~~9413~~" />. TBD get details from Medium page.		\|The DeusDao team announces dynamic redemption tranches on Twitter<ref name="deusdaotwitter-9413" /> and links to a Medium page<ref name=":2">[https://lafayettetabor.medium.com/dynamic-redemption-tranches-fedc69df4e3 Dynamic redemption tranches - Lafayette Tabor Medium] (Jul 4, 2023)</ref>. Dynamic redemption tranches aim to incentivize participation, ensure debt payback, and provide options for vDEUS holders within the DEUS protocol<ref name=":2">[https://lafayettetabor.medium.com/dynamic-redemption-tranches-fedc69df4e3 Dynamic redemption tranches - Lafayette Tabor Medium] (Jul 4, 2023)</ref>. TBD get details from Medium page.
	\|-		\|-
	\|May 30th, 2022 7:14:00 AM MDT		\|May 30th, 2022 7:14:00 AM MDT
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	"So why is DEI dumped so hard?" "Why is $Dei down about 50% in 24 hours while $Deus is up 30%. Im really confused."		"So why is DEI dumped so hard?" "Why is $Dei down about 50% in 24 hours while $Deus is up 30%. Im really confused."

			=== Dynamic Redemption Tranches ===
			Dynamic redemption tranches refer to a game theoretical approach used to address the Prisoner's Dilemma in the context of the DEUS protocol<ref name=":2" />. The protocol's optimal action is for everyone to redeem their holdings, followed by acquiring Bonds<ref name=":2" />. However, most users are currently holding out, resulting in a negative valuation<ref name=":2" />. Collaboration is needed to reduce the supply of DEI and increase its USDC backing for everyone to benefit<ref name=":2" />.

			Neutral territory is reached when a majority redeems while the other majority holds, resulting in a balanced outcome<ref name=":2" />. After the redemption phase, the opportunity to redeem DEI at a high valuation diminishes over time. To progress to the next phase and open Bonds, significant participation in redemption or reaching neutral ground is necessary<ref name=":2" />.

			Early redeemers face more risk but contribute to the protocol by triggering more redeems for others<ref name=":2" />. The final tranche introduces dynamic redemption based on DEUS prices and liquidity-drip thresholds<ref name=":2" />. Payouts are made based on specific thresholds and the percentage of aggregated DEX liquidity<ref name=":2" />. vDEUS can be staked for different durations with corresponding fixed APRs. If the price trigger is not reached, reverse options are available for exiting vDEUS positions. Once the price reaches $250, all exit options are closed, and APRs go to 0%<ref name=":2" />.

	== Ultimate Outcome ==		== Ultimate Outcome ==
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	== Individual Prevention Policies ==		== Individual Prevention Policies ==
	{{Prevention:Individual:Safe Smart Contract Usage}}		{{Prevention:Individual:Safe Smart Contract Usage}}

			{{Prevention:Individual:Avoid Third Party Custodians}}

	{{Prevention:Individual:Store Funds Offline}}		{{Prevention:Individual:Store Funds Offline}}
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	== Platform Prevention Policies ==		== Platform Prevention Policies ==
	The DEI stablecoin did not have reserves to back the coin, following an earlier March ~~hack~~. ~~The primary problem was due~~ to the ~~security and/~~or ~~insurance of those funds lost in March~~.		The DEI stablecoin did not have reserves to back the coin, following an earlier March breach of the collateral reserves. This could have been avoided by using a simpler multi-signature scheme to protect the funds or obtaining more thorough smart contract auditing.

			{{Prevention:Platforms:Implement Multi-Signature}}

			{{Prevention:Platforms:Regular Audit Procedures}}

	~~{{Prevention:Platforms:Placeholder}}~~		It is also a good idea to establish an industry insurance fund.

	{{Prevention:Platforms:Establish Industry Insurance Fund}}		{{Prevention:Platforms:Establish Industry Insurance Fund}}
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	== Regulatory Prevention Policies ==		== Regulatory Prevention Policies ==
	The primary issue with the DEI stablecoin came about due to a breach of the liquidity pool reserves which provided collateral to back to DEI stablecoin. Once this collateral was taken, there were limited economic mechanisms by which the DEI protocol could recover their peg.		The primary issue with the DEI stablecoin came about due to a breach of the liquidity pool reserves which provided collateral to back to DEI stablecoin. Once this collateral was taken, there were limited economic mechanisms by which the DEI protocol could recover their peg. A stronger security assessment could have prevented the loss of the original capital.

	{{Prevention:Regulators:Platform Security Assessments}}		{{Prevention:Regulators:Platform Security Assessments}}

Azoundria: Another 30 minutes complete.

2023-07-03T23:17:08Z

Another 30 minutes complete.

← Older revision		Revision as of 17:17, 3 July 2023
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	== What Happened ==		== What Happened ==
	~~The DEI~~ smart contract ~~suffered a~~ breach in March 2022, ~~resulting~~ in ~~a coins which was only partially backed by collateral. In~~ the aftermath of Terra/Luna, users started panicking and the peg could no longer be maintained.		After a smart contract breach in March 2022, and in the aftermath of Terra/Luna, users started panicking and the $1 peg on the DEI stablecoin could no longer be maintained.
	{\| class="wikitable"		{\| class="wikitable"
	\|+Key Event Timeline - DEI Stablecoin Depegging		\|+Key Event Timeline - DEI Stablecoin Depegging
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	\|-		\|-
	\|March 2022		\|March 2022
	\|~~Smart Contract Collateral Breach~~		\|DEUS Finance Flash Loan Attack
	\|~~TBD - There was supposedly a breach in March. Should fill in some information about that. What happened htere?~~		\|Deus Finance suffers an exploit resulting in losses of over $3 million worth of Dai (DAI) and Ether (ETH). The hackers manipulated a price oracle for flash loans by exploiting the StableV1 AMM pair of USDC/DEI. This manipulation led to the insolvency of users' funds. The hackers managed to steal 200,000 DAI and 1101.8 ETH, and the total amount of stolen funds could be even larger than the initial estimate. The stolen funds were then funneled through the Tornado Cash coin mixer tool using the Multichain Protocol. Deus Finance has closed its DEI lending contract and assured that its DEUS and DEI tokens are unaffected. The CEO of Deus Protocol, Lafayette Tabor, announced reimbursement plans, including the creation of a new contract for affected users to repay their loans and a feature to swap DEI for a small MUON allocation<ref>[https://cryptomode.com/deus-finance-stablecoin-dei-faces-major-security-breach-losing-over-6-million/ Deus Finance Stablecoin DEI Faces Major Security Breach, Losing Over $6 Million - CryptoMode] (Jul 3, 2023)</ref><ref>[https://cointelegraph.com/news/deus-finance-exploit-hackers-get-away-with-3m-worth-of-dai-and-ether Deus Finance exploit: Hackers get away with $3M worth of DAI and Ether - CoinTelegraph] (Jun 3, 2023)</ref>.<ref>https://www.coindesk.com/tech/2022/03/15/derivatives-platform-deus-finance-exploited-for-3m-on-fantom-network/</ref>
	~~"In March 2022, the protocol was exploited in a flash-loan attack,~~ resulting in losses ~~exceeding~~ $3 million in Dai and Ether. ~~PeckShield disclosed that~~ the ~~exploiters had funneled~~ the stolen funds through the ~~crypto mixer~~ Tornado Cash.
	"
	\|-		\|-
	\|April 8th, 2022 1:34:29 PM MDT		\|April 8th, 2022 1:34:29 PM MDT
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	\|Yield Farming Marketing		\|Yield Farming Marketing
	\|Promotion on Twitter about lots of placed to Yield Farm DEI/USDC on Fantom<ref name="deusdaotwitter-9367" />.		\|Promotion on Twitter about lots of placed to Yield Farm DEI/USDC on Fantom<ref name="deusdaotwitter-9367" />.
			\|-
			\|April 28th, 2022
			\|Second Flash Loan Attack
			\|The Deus Finance DAO is exploited again in a flash loan attack for the second time in two months, resulting in a loss of approximately $13.4 million worth of cryptocurrency on the Fantom Network. The attacker used a flash loan of $143 million on the Fantom blockchain to manipulate the price of DEI, the protocol's governing token, and borrowed additional funds using DEI as collateral, inflating the value of certain assets and borrowing funds to make a profit. The borrowed funds were then sold for USDC, and the flash loan was repaid in the same transaction. The flash loan amounted to $143 million, and the attacker's profit was estimated at $13.4 million, although the total losses to the protocol could be higher. The stolen funds were subsequently laundered through Tornado Cash on the Ethereum network. Deus Finance temporarily halted DEI lending and assured users that their funds were safe. This incident follows a similar flash loan attack in March, where $3 million was stolen from the project<ref>[https://chainbulletin.com/deus-finance-exploited-for-13-4m-in-flash-loan-attack Deus Finance Exploited for $13.4M in Flash Loan Attack - Chain Bulletin] (Jul 3, 2023)</ref>. The price of DEUS reportedly experienced a 16.5% decrease in the following 24 hours<ref>[https://www.coindesk.com/tech/2022/04/28/how-deus-finance-was-exploited-for-134m-on-fantom/ How Deus Finance Was Exploited for $13.4M on Fantom - CoinDesk] (Jul 3, 2023)</ref>.<ref>https://therecord.media/more-than-13-million-stolen-from-defi-platform-deus-finance</ref>
	\|-		\|-
	\|May 4th, 2022 9:24:00 AM MDT		\|May 4th, 2022 9:24:00 AM MDT

Azoundria at 22:55, 3 July 2023

2023-07-03T22:55:54Z

← Older revision		Revision as of 16:55, 3 July 2023
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	== About DEI ==		== About DEI ==
	<ref name=":0">[https://twitter.com/Fantom_Intern/status/1564564002264473603 Fantom Intern - "Decentralized exchanges are one of the three pillars alongside money markets and a decentralized stablecoin that is the bedrock on which DeFi is built. Today I will cover three different varieties of DEXes on the Fantom Ecosystem." - Twitter] (Jun 19, 2023)</ref>


	DEUS Finance is a decentralized finance (DeFi) platform that provides the infrastructure for building various financial instruments, including synthetic stock trading platforms, options and futures trading, and more<ref name="deusfinance-9358" />. It supports multiple chains, including Ethereum, Fantom, Gnosis (xDai), HECO, BSC, Polygon, and AVAX<ref name="deusfinance-9358" />.		DEUS Finance is a decentralized finance (DeFi) platform that provides the infrastructure for building various financial instruments, including synthetic stock trading platforms, options and futures trading, and more<ref name="deusfinance-9358" />. It supports multiple chains, including Ethereum, Fantom, Gnosis (xDai), HECO, BSC, Polygon, and AVAX<ref name="deusfinance-9358" />.

	The DEUS ecosystem consists of two tokens: DEUS and DEI. DEUS is the protocol token that represents a fractional portion of DEI and can be vested to earn protocol fees<ref name="deusfinance-9358" /><ref name="deusfinancemedium-9365" />. DEI operates on a fractional reserve model, similar to frax.finance<ref name="coinmarketcap-9356" />. It is designed to be used as a unit of account for derivative-based trading on the DEUS infrastructure layer<ref name="coinmarketcap-9356" />. Users who utilize DEUS v3 and trade with DEI as the stablecoin will benefit from improved fee structures compared to using USDC<ref name="coinmarketcap-9356" />. DEI is a fractional reserve stablecoin that is cross-chain enabled with a native unified bridge<ref name="deusfinance-9358" />. It serves as collateral for third-party instruments built on the DEUS Finance platform and enables cross-chain liquidity<ref name="deusfinance-9358" />. DEI aims to provide a stable and efficient trading experience for traders, protocols, and market makers within the DEUS ecosystem<ref name="coinmarketcap-9356" />. DEI aims to be the stablecoin of choice for users across different chains, offering usability and redeemability across all chains<ref name="deusfinancemedium-9365" />. It addresses ~~the issue~~ of cross-chain liquidity by bridging tokens in a scalable and decentralized way, allowing users to send a stablecoin to any chain without slippage<ref name="deusfinancemedium-9365" />.		The DEUS ecosystem consists of two tokens: DEUS and DEI. DEUS is the protocol token that represents a fractional portion of DEI and can be vested to earn protocol fees<ref name="deusfinance-9358" /><ref name="deusfinancemedium-9365" />. DEI operates on a fractional reserve model, similar to frax.finance<ref name="coinmarketcap-9356" />. It is designed to be used as a unit of account for derivative-based trading on the DEUS infrastructure layer<ref name="coinmarketcap-9356" />. Users who utilize DEUS v3 and trade with DEI as the stablecoin will benefit from improved fee structures compared to using USDC<ref name="coinmarketcap-9356" />. DEI is a fractional reserve stablecoin that is cross-chain enabled with a native unified bridge<ref name="deusfinance-9358" />. It serves as collateral for third-party instruments built on the DEUS Finance platform and enables cross-chain liquidity<ref name="deusfinance-9358" />. DEI aims to provide a stable and efficient trading experience for traders, protocols, and market makers within the DEUS ecosystem<ref name="coinmarketcap-9356" />. DEI aims to be the stablecoin of choice for users across different chains, offering usability and redeemability across all chains<ref name="deusfinancemedium-9365" />. It addresses issues of cross-chain liquidity by bridging tokens in a scalable and decentralized way, allowing users to send a stablecoin to any chain without slippage<ref name="deusfinancemedium-9365" />.

	DEUS Finance has a roadmap that outlines the evolution of the platform<ref name="deusfinance-9358" />. The v2 release, called Apollo, introduced DEI as a cross-chain stablecoin with a unified native bridge and a high APY stable farm<ref name="deusfinance-9358" />. The v3 release, Athena, will include advanced mechanisms to improve capital efficiency and introduce features like automated counter-trading and liquidation systems. The v4 release, Vulcan, will implement a targeted incentive system with a referral program and payout system for automated rewards<ref name="deusfinance-9358" />.		DEUS Finance has a roadmap that outlines the evolution of the platform<ref name="deusfinance-9358" />. The v2 release, called Apollo, introduced DEI as a cross-chain stablecoin with a unified native bridge and a high APY stable farm<ref name="deusfinance-9358" />. The v3 release, Athena, will include advanced mechanisms to improve capital efficiency and introduce features like automated counter-trading and liquidation systems. The v4 release, Vulcan, will implement a targeted incentive system with a referral program and payout system for automated rewards<ref name="deusfinance-9358" />.
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	Various social media channels like Discord and Telegram are provided for community engagement<ref name="deifinanceapp-9357" />. DEI is additionally listed on CoinMarketCap, CoinGecko, and as a supported asset for CoinBase wallet<ref name="coinbase-9364" />. Additional stats related to DEI, DEUS, and xDEUS are displayed, including price, supply, market cap, and projected supply growth<ref name="deifinanceapp-9357" />. The combined supply and market cap of xDEUS and DEUS are also presented, along with inflation rate and weekly emissions<ref name="deifinanceapp-9357" />.		Various social media channels like Discord and Telegram are provided for community engagement<ref name="deifinanceapp-9357" />. DEI is additionally listed on CoinMarketCap, CoinGecko, and as a supported asset for CoinBase wallet<ref name="coinbase-9364" />. Additional stats related to DEI, DEUS, and xDEUS are displayed, including price, supply, market cap, and projected supply growth<ref name="deifinanceapp-9357" />. The combined supply and market cap of xDEUS and DEUS are also presented, along with inflation rate and weekly emissions<ref name="deifinanceapp-9357" />.









	~~This is a global/international case not involving a specific country.~~

	~~The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.~~

	~~Include:~~

	* Known history of when and how the service was started.
	* What problems does the company or service claim to solve?
	* What marketing materials were used by the firm or business?
	* Audits performed, and excerpts that may have been included.
	* Business registration documents shown (fake or legitimate).
	* How were people recruited to participate?
	* Public warnings and announcements prior to the event.

	~~Don't Include:~~
	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.
	~~There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.~~

	== The Reality ==		== The Reality ==
	~~This sections~~ is ~~included if~~ a ~~case involved deception or information that was unknown at~~ the ~~time~~. ~~Examples include:~~		There is a long history of stablecoin failures, and algorithmic stablecoins are especially risky. It can often be challenging to deal with human emotions such as fear, and once a stablecoin loses the peg, a large part of it's value which comes from the stability aspect is lost. TBD - expand on this.

	* When the service was actually started (if different than the "official story").		The DEI website features a disclaimer.
	* Who actually ran a service and their own personal history.
	* How the service was structured behind the scenes. (For example, there was no "trading bot".)
	* Details of what audits reported and how vulnerabilities were missed during auditing.
	The website features a disclaimer.

	"Users interacting with this software do so entirely at their own risk."		"Users interacting with this software do so entirely at their own risk."

	== What Happened ==		== What Happened ==
	The ~~specific events of the loss and how it came about~~. ~~What actually happened to cause~~ the ~~loss~~ and ~~some of~~ the ~~events leading up to it~~.		The DEI smart contract suffered a breach in March 2022, resulting in a coins which was only partially backed by collateral. In the aftermath of Terra/Luna, users started panicking and the peg could no longer be maintained.
	{\| class="wikitable"		{\| class="wikitable"
	\|+Key Event Timeline - DEI Stablecoin Depegging		\|+Key Event Timeline - DEI Stablecoin Depegging
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	\|Smart Contract Collateral Breach		\|Smart Contract Collateral Breach
	\|TBD - There was supposedly a breach in March. Should fill in some information about that. What happened htere?		\|TBD - There was supposedly a breach in March. Should fill in some information about that. What happened htere?
			"In March 2022, the protocol was exploited in a flash-loan attack, resulting in losses exceeding $3 million in Dai and Ether. PeckShield disclosed that the exploiters had funneled the stolen funds through the crypto mixer Tornado Cash.
			"
	\|-		\|-
	\|April 8th, 2022 1:34:29 PM MDT		\|April 8th, 2022 1:34:29 PM MDT
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	\|August 30th, 2022 4:41:00 AM MDT		\|August 30th, 2022 4:41:00 AM MDT
	\|Fantom Intern Tutorial		\|Fantom Intern Tutorial
	\|TBD <ref name="deusdaotwitter-9380" /><ref name=":0" />.		\|TBD <ref name="deusdaotwitter-9380" /><ref name=":0">[https://twitter.com/Fantom_Intern/status/1564564002264473603 Fantom Intern - "Decentralized exchanges are one of the three pillars alongside money markets and a decentralized stablecoin that is the bedrock on which DeFi is built. Today I will cover three different varieties of DEXes on the Fantom Ecosystem." - Twitter] (Jun 19, 2023)</ref>.
	\|-		\|-
	\|September 3rd, 2022 6:56:00 PM MDT		\|September 3rd, 2022 6:56:00 PM MDT

Azoundria: Another 30 minutes complete.

2023-06-30T16:23:42Z

Another 30 minutes complete.

← Older revision		Revision as of 10:23, 30 June 2023
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	\|April 8th, 2022 1:34:29 PM MDT		\|April 8th, 2022 1:34:29 PM MDT
	\|New DEI Peg Mechanism		\|New DEI Peg Mechanism
	\|Lafayette Tabor published a Medium article proposing a new DEI pegging mechanism to the community<ref>[https://web.archive.org/web/20220408233410/https://lafayettetabor.medium.com/new-dei-peg-mechan-1af3e3d9a975 New DEI Peg mechanism - Lafayette Tabor Medium Archive April 8th, 2022 5:34:10 PM MDT] (Jun 28, 2023)</ref>. ~~The~~ DEI stablecoin ~~has~~ been trading below $1 for some time, and ~~the protocol is implementing~~ new measures to maintain the peg at $1. One of these measures is the Stability Fee, inspired by MakerDAO's model, where the interest rates on overcollateralized loans increase if DEI remains below $1 for an extended period. The current scenario allows for natural arbitrage between $0.997 and $1.003, while the AMO (Automated Market Operator) buys back DEI when it falls below this range. In the new scenario, additional measures are introduced to keep the peg at $1. These measures include a Stability Fee inspired by MakerDAO, where interest rates on loans increase if DEI remains below $1 for an extended period, incentivizing borrowers to buy back DEI. This encourages borrowers to buy back DEI and return it to the peg. The protocol also uses the AMO (Arbitrage and Market Operations) to imitate natural user behavior and help maintain the peg. Additionally, AMOv3 is being introduced to restore the peg at random times, but it will increase interest rates as a "punishment" for borrowers, forcing them to buy DEI above the peg. The protocol also plans to write debt from the fractional system to the overcollateralized system to reduce global risk and increase demand for DEI below $1. The fractional-to-overcollateralized ratio is currently 2.16, with more fractional DEI minted than overcollateralized DEI. The protocol will activate buyback~~/burn~~ and collateralization mechanisms to support the stability of DEI. The introduction of DEUS Treasury bonds allows users to purchase bonds with fixed interest and expiration dates, ensuring liquidity and stability for DEI. The sale of bonds will continue until there is a 1:1 USDC treasury for every DEI in circulation. Overall, these measures aim to ensure that DEI maintains its peg to the US dollar<ref name="lafayettetabormedium-9378" />.		\|Lafayette Tabor published a Medium article proposing a new DEI pegging mechanism to the community<ref name=":1">[https://web.archive.org/web/20220408233410/https://lafayettetabor.medium.com/new-dei-peg-mechan-1af3e3d9a975 New DEI Peg mechanism - Lafayette Tabor Medium Archive April 8th, 2022 5:34:10 PM MDT] (Jun 28, 2023)</ref>. He acknowledge that the DEI stablecoin had been trading below $1 for some time, and outlined new measures to maintain the peg at $1. One of these measures is the Stability Fee, inspired by MakerDAO's model, where the interest rates on overcollateralized loans increase if DEI remains below $1 for an extended period. The current scenario allows for natural arbitrage between $0.997 and $1.003, while the AMO (Automated Market Operator) buys back DEI when it falls below this range. In the new scenario, additional measures are introduced to keep the peg at $1. These measures include a Stability Fee inspired by MakerDAO, where interest rates on loans increase if DEI remains below $1 for an extended period, incentivizing borrowers to buy back DEI. This encourages borrowers to buy back DEI and return it to the peg. The protocol also uses the AMO (Arbitrage and Market Operations) to imitate natural user behavior and help maintain the peg. Additionally, AMOv3 is being introduced to restore the peg at random times, but it will increase interest rates as a "punishment" for borrowers, forcing them to buy DEI above the peg. The protocol also plans to write debt from the fractional system to the overcollateralized system to reduce global risk and increase demand for DEI below $1. The fractional-to-overcollateralized ratio is currently 2.16, with more fractional DEI minted than overcollateralized DEI. The protocol will activate a buyback and collateralization mechanisms to support the stability of DEI. The introduction of DEUS Treasury bonds allows users to purchase bonds with fixed interest and expiration dates, ensuring liquidity and stability for DEI. The sale of bonds will continue until there is a 1:1 USDC treasury for every DEI in circulation. Overall, these measures aim to ensure that DEI maintains its peg to the US dollar<ref name="lafayettetabormedium-9378" />.
	\|-		\|-
	\|April 18th, 2022 6:30:00 AM MDT		\|April 18th, 2022 6:30:00 AM MDT
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	\|Discord Hangout May 11th		\|Discord Hangout May 11th
	\|A video of the Deus Dao Discord hangout is uploaded to YouTube<ref name="youtube-9399" />. During the discussion about UST, DEI, and DEUSv3, several important points were highlighted. It was acknowledged that all stablecoins rely on user trust at some point, emphasizing the need for a responsive committee. There was a mention of DEUS's ability to swiftly react to unexpected situations, such as exploits and the recent SCREAM liquidation. UST was noted to have low liquidity compared to its market cap, making it susceptible to attacks. The introduction of collateral for DEI was mentioned as a measure to enhance stability. AMOv3 was described as a means to connect DEI liquidity to the Lending protocol using USDC and USDT, thereby stabilizing the peg. Bonds were discussed as a way to incentivize liquidity providers over an extended period, preventing rapid price declines. The development of fUSD_v2 with the Fantom Foundation, collaboration with Wall Street broker Muon Oracle and HedgerXYZ for a decentralized FX protocol, and upcoming features like options, perpetuals trading, and Hedger were also highlighted. Finally, the implementation of BrightID was mentioned, which would enable anonymous wallets to build reputations and potentially reduce collateral requirements. A summary of the Deus DAO Discord video was prepared<ref>[https://twitter.com/0xOtw/status/1525070835945701377 0xOtw - "points from @lafa @lafachief @lafachief talk about $UST $DEI DEUSv3" - Twitter] (Jun 21, 2023)</ref><ref name="deusdaotwitter-9398" />.		\|A video of the Deus Dao Discord hangout is uploaded to YouTube<ref name="youtube-9399" />. During the discussion about UST, DEI, and DEUSv3, several important points were highlighted. It was acknowledged that all stablecoins rely on user trust at some point, emphasizing the need for a responsive committee. There was a mention of DEUS's ability to swiftly react to unexpected situations, such as exploits and the recent SCREAM liquidation. UST was noted to have low liquidity compared to its market cap, making it susceptible to attacks. The introduction of collateral for DEI was mentioned as a measure to enhance stability. AMOv3 was described as a means to connect DEI liquidity to the Lending protocol using USDC and USDT, thereby stabilizing the peg. Bonds were discussed as a way to incentivize liquidity providers over an extended period, preventing rapid price declines. The development of fUSD_v2 with the Fantom Foundation, collaboration with Wall Street broker Muon Oracle and HedgerXYZ for a decentralized FX protocol, and upcoming features like options, perpetuals trading, and Hedger were also highlighted. Finally, the implementation of BrightID was mentioned, which would enable anonymous wallets to build reputations and potentially reduce collateral requirements. A summary of the Deus DAO Discord video was prepared<ref>[https://twitter.com/0xOtw/status/1525070835945701377 0xOtw - "points from @lafa @lafachief @lafachief talk about $UST $DEI DEUSv3" - Twitter] (Jun 21, 2023)</ref><ref name="deusdaotwitter-9398" />.
			\|-
			\|May 12th, 2022
			\|Update To Pegging Mechanism Disabling AMO
			\|Lafayette Tabor updated the Medium article proposing a new DEI pegging mechanism to indicate that they have "deactivated the AMO today in anticipation of what happened at UST, to cooldown the market and not deploy further treasury assets". They plan to reactivate the AMO with a new monetary policy model that will be rolled out gradually. The upgrade introduces an AMO that interacts with money markets and issues treasury bonds to ensure a 1:1 backing of all DEI (the stablecoin) in circulation. The protocol aims to maintain the peg of DEI and mitigate risks faced by other stablecoins like UST and Luna. The DEI protocol utilizes collateral-backed fractional minting, overcollateralized minting with non-correlated assets, and P2P money markets with dynamic interest rates. They also introduce DEUS Treasury bonds with fixed yields, allowing users to buy bonds with desired expiration dates to earn fixed interest over time. The goal is to sell enough bonds to achieve a 1:1 USDC treasury for every DEI in circulation<ref name=":1" /><ref name="lafayettetabormedium-9378" />.
	\|-		\|-
	\|May 13th, 2022 6:30:00 AM MDT		\|May 13th, 2022 6:30:00 AM MDT
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	\|-		\|-
	\|May 19th, 2022 5:39:41 AM MDT		\|May 19th, 2022 5:39:41 AM MDT
	\|~~New DEI Peg Mechanism~~		\|Medium Article Updated
	\|Lafayette Tabor ~~published a~~ Medium article proposing a new DEI pegging mechanism to the community. ~~The DEI stablecoin has been trading below $1 for some time, and~~ the ~~protocol is implementing new measures to maintain~~ the ~~peg at $1~~. ~~One of these measures is the Stability Fee, inspired by MakerDAO's model, where the interest rates on overcollateralized loans increase if DEI remains below $1 for an extended period~~. ~~This encourages borrowers to buy back DEI and return it to the peg~~. ~~The protocol also uses the AMO (Arbitrage and Market Operations) to imitate natural user behavior and help maintain the peg~~. ~~Additionally, AMOv3 is being introduced to restore the~~ peg ~~at random times, but it will increase interest rates as a "punishment" for borrowers, forcing them to buy~~ DEI ~~above the peg. The protocol also plans to write debt from the fractional system to the overcollateralized system to reduce global risk and increase demand for DEI below $1. The fractional~~-~~to-overcollateralized ratio is currently 2.16~~, ~~with more fractional DEI minted than overcollateralized DEI. The protocol will activate buyback~~/~~burn and collateralization mechanisms to support the stability of DEI. Overall, these measures aim to ensure that DEI maintains its peg to the US dollar~~<ref name="lafayettetabormedium-9378" />. ~~TBD - why is the article saying April 8th?~~		\|Lafayette Tabor updates the Medium article proposing a new DEI pegging mechanism to the community. This change just properly integrates his May 12th change into the body of the document<ref>[https://web.archive.org/web/20220516215309/https://lafayettetabor.medium.com/new-dei-peg-mechan-1af3e3d9a975 New DEI Peg mechanism - Lafayette Tabor Medium Archive May 16th, 2022 3:53:09 PM MDT] (Jun 30, 2023)</ref><ref name="lafayettetabormedium-9378" />.
	\|-		\|-
	\|May 19th, 2022 5:00:00 AM MDT		\|May 19th, 2022 5:00:00 AM MDT
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	\|Clearing Up Old Debt		\|Clearing Up Old Debt
	\|Lafayette Tabor posts another Medium article about a plan to clear up old debt by deploying a new version of DEI that is 95% backed by USDC, utilizing the remaining 20 million USDC from the old DEI. This migration aims to ensure a fully backed DEI and generate immediate profits to repay debts and improve the protocol's financial health. Pools on multiple decentralized exchanges (DEXs) will be incentivized to create demand and help clear the existing bad debt. The bad debt currently amounts to around 5.7 million DEI owed to Scream lenders and 3 million DEI owed to DEI bonders affected by impermanent loss (IL) and non-NFT bDEI holders. When minting the new DEI, users will deposit 1 USDC, of which 95 cents will be used as collateral, 4 cents will be allocated to clearing the bad debt, and 1 cent will be used to buy back DEUS and burn it. Current DEI holders have two options: they can hold DEIv1 until there is a protocol-surplus in USDC backing to swap it for bDEI and then redeem it for DEIv2, or they can swap DEIv1 for vDEUS and wait for DEUS to reach $250<ref name="lafayettetabormedium-9410" />.		\|Lafayette Tabor posts another Medium article about a plan to clear up old debt by deploying a new version of DEI that is 95% backed by USDC, utilizing the remaining 20 million USDC from the old DEI. This migration aims to ensure a fully backed DEI and generate immediate profits to repay debts and improve the protocol's financial health. Pools on multiple decentralized exchanges (DEXs) will be incentivized to create demand and help clear the existing bad debt. The bad debt currently amounts to around 5.7 million DEI owed to Scream lenders and 3 million DEI owed to DEI bonders affected by impermanent loss (IL) and non-NFT bDEI holders. When minting the new DEI, users will deposit 1 USDC, of which 95 cents will be used as collateral, 4 cents will be allocated to clearing the bad debt, and 1 cent will be used to buy back DEUS and burn it. Current DEI holders have two options: they can hold DEIv1 until there is a protocol-surplus in USDC backing to swap it for bDEI and then redeem it for DEIv2, or they can swap DEIv1 for vDEUS and wait for DEUS to reach $250<ref name="lafayettetabormedium-9410" />.
			\|-
			\|May 6th, 2023 12:47:00 PM MDT
			\|Referenced As Hatrick
			\|The situation is referenced in relation to another hack which affected the DEI protocol at this time<ref>[https://twitter.com/RektHQ/status/1654920889027231747 RektHQ - "A misconfigured burnFrom function was introduced to the DEI contract in an upgrade last month. How many times can a thrice-hacked protocol be trusted?" - Twitter] (Jun 29, 2023)</ref>.
	\|}		\|}

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	=== Twitter Community Reactions ===		=== Twitter Community Reactions ===
	<ref>[https://twitter.com/DindonSauvage/status/1525929195565719558 Dindon Sauvage - "You disabled the redemption mechanism without any notice. Now people that were leveraged are liquidated. You are not even mentioning it in this post. Are you looking for exit liquidity ? Sketchy" - Twitter] (Jun 13, 2023)</ref><blockquote>You disabled the redemption mechanism without any notice. Now people that were leveraged are liquidated. You are not even mentioning it in this post. Are you looking for exit liquidity ? Sketchy</blockquote>		The Twitter community had some responses<ref>[https://twitter.com/DindonSauvage/status/1525929195565719558 Dindon Sauvage - "You disabled the redemption mechanism without any notice. Now people that were leveraged are liquidated. You are not even mentioning it in this post. Are you looking for exit liquidity ? Sketchy" - Twitter] (Jun 13, 2023)</ref><ref>[https://twitter.com/syndrael1/status/1529123235295633410 Crypto-Poissard - "Too late for me.. We may have a lot of confidence in this project that after a few days, uncertainty sets in" - Twitter] (Jun 29, 2023)</ref>.<blockquote>You disabled the redemption mechanism without any notice. Now people that were leveraged are liquidated. You are not even mentioning it in this post. Are you looking for exit liquidity ? Sketchy</blockquote><blockquote>Too late for me.. We may have a lot of confidence in this project that after a few days, uncertainty sets in</blockquote>

	=== Twitter Updates From DeusDao ===		=== Twitter Updates From DeusDao ===

Azoundria: Another 30 minutes complete.

2023-06-28T15:24:45Z

Another 30 minutes complete.

Show changes

Azoundria: Another 30 minutes complete.

2023-06-26T22:31:16Z

Another 30 minutes complete.

← Older revision		Revision as of 16:31, 26 June 2023
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	== About DEI ==		== About DEI ==
	<ref name="coinmarketcap-9356" /><ref name="~~deifinanceapp~~-~~9357~~" /><ref name="deusfinance-9358" /><ref name="coingecko-9359" /><ref name="deifinanceapparchive-9360" /><ref name="deifinanceapparchive-9361" /><ref name="deifinancelegacy-9362" /><ref name="~~coinbase~~-~~9364~~" /><ref name="~~deusfinancemedium~~-~~9365~~" /><ref name=":0">~~[https:~~/~~/twitter~~.~~com~~/~~Fantom_Intern~~/~~status~~/~~1564564002264473603 Fantom Intern~~ - "~~Decentralized exchanges~~ are ~~one of the three pillars alongside money markets~~ and a ~~decentralized stablecoin that is the bedrock on which DeFi is built. Today I will cover three different varieties of DEXes on the Fantom Ecosystem~~." - ~~Twitter] (Jun 19~~, ~~2023)~~</~~ref~~>		<ref name="deusfinancemedium-9365" /><ref name=":0">[https://twitter.com/Fantom_Intern/status/1564564002264473603 Fantom Intern - "Decentralized exchanges are one of the three pillars alongside money markets and a decentralized stablecoin that is the bedrock on which DeFi is built. Today I will cover three different varieties of DEXes on the Fantom Ecosystem." - Twitter] (Jun 19, 2023)</ref>


			DEUS Finance is a decentralized finance (DeFi) platform that provides the infrastructure for building various financial instruments, including synthetic stock trading platforms, options and futures trading, and more<ref name="deusfinance-9358" />. It supports multiple chains, including Ethereum, Fantom, Gnosis (xDai), HECO, BSC, Polygon, and AVAX<ref name="deusfinance-9358" />.

			The DEUS ecosystem consists of two tokens: DEUS and DEI. DEUS is the protocol token that represents a fractional portion of DEI and can be vested to earn protocol fees<ref name="deusfinance-9358" />. DEI operates on a fractional reserve model, similar to frax.finance<ref name="coinmarketcap-9356" />. It is designed to be used as a unit of account for derivative-based trading on the DEUS infrastructure layer<ref name="coinmarketcap-9356" />. Users who utilize DEUS v3 and trade with DEI as the stablecoin will benefit from improved fee structures compared to using USDC<ref name="coinmarketcap-9356" />. DEI is a fractional reserve stablecoin that is cross-chain enabled with a native unified bridge<ref name="deusfinance-9358" />. It serves as collateral for third-party instruments built on the DEUS Finance platform and enables cross-chain liquidity<ref name="deusfinance-9358" />. DEI aims to provide a stable and efficient trading experience for traders, protocols, and market makers within the DEUS ecosystem<ref name="coinmarketcap-9356" />.

			DEUS Finance has a roadmap that outlines the evolution of the platform<ref name="deusfinance-9358" />. The v2 release, called Apollo, introduced DEI as a cross-chain stablecoin with a unified native bridge and a high APY stable farm<ref name="deusfinance-9358" />. The v3 release, Athena, will include advanced mechanisms to improve capital efficiency and introduce features like automated counter-trading and liquidation systems. The v4 release, Vulcan, will implement a targeted incentive system with a referral program and payout system for automated rewards<ref name="deusfinance-9358" />.

			The platform also offers veDEUS, a vested token mechanism where users can lock their DEUS tokens to earn platform fees and gain protection against dilution<ref name="deusfinance-9358" />. veDEUS also serves as the governance token of the DEUS Finance protocol<ref name="deusfinance-9358" />.

			DEI is an algorithmic stablecoin that operates across different blockchain networks within the DEUS ecosystem<ref name="coingecko-9359" />. It consists of approximately 10% DEUS tokens and 90% of another trusted stablecoin, with the exact composition varying depending on the specific blockchain<ref name="coingecko-9359" />. The collateral ratio of DEI is continuously monitored and adjusted using arbitrage bots<ref name="coingecko-9359" />. DEI aims to facilitate seamless liquidity bridging across multiple blockchains in a scalable and decentralized manner, allowing users to transfer stablecoins between chains without experiencing slippage<ref name="coingecko-9359" />.

			On the DEI homepage, key features and statistics are highlighted including the current price, total supply, and collateral ratio, indicating the percentage of collateral backing DEI, and total holdings of USDC, the stablecoin used to back DEI<ref name="deifinanceapp-9357" /><ref name="deifinanceapparchive-9360" /><ref name="deifinanceapparchive-9361" /><ref name="deifinancelegacy-9362" />. Users have the option to mint DEI or redeem it, allowing for flexibility in transactions<ref name="deifinanceapp-9357" /><ref name="deifinanceapparchive-9360" /><ref name="deifinanceapparchive-9361" /><ref name="deifinancelegacy-9362" />. DEI Bonds can also be redeemed, and veDEUS allows users to lock their DEUS tokens and earn rewards<ref name="deifinanceapp-9357" /><ref name="deifinanceapparchive-9360" /><ref name="deifinanceapparchive-9361" /><ref name="deifinancelegacy-9362" />.

			Various social media channels like Discord and Telegram are provided for community engagement<ref name="deifinanceapp-9357" />. DEI is additionally listed on CoinMarketCap, CoinGecko, and as a supported asset for CoinBase wallet<ref name="coinbase-9364" />. Additional stats related to DEI, DEUS, and xDEUS are displayed, including price, supply, market cap, and projected supply growth<ref name="deifinanceapp-9357" />. The combined supply and market cap of xDEUS and DEUS are also presented, along with inflation rate and weekly emissions<ref name="deifinanceapp-9357" />.



	"DEI is an advanced algorithmic cross-chain fractional-reserve stablecoin, with one native bridge that will connect to all chains within the DEUS ecosystem." "DEI is backed by cryptocurrencies. Twenty percent of its reserves are in Deus Finance’s native cryptocurrency while the remaining 80% is a combination of other stablecoins."		"DEI is an advanced algorithmic cross-chain fractional-reserve stablecoin, with one native bridge that will connect to all chains within the DEUS ecosystem." "DEI is backed by cryptocurrencies. Twenty percent of its reserves are in Deus Finance’s native cryptocurrency while the remaining 80% is a combination of other stablecoins."
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	~~On May 14th, "$DEI Market Cap [was] $88,737,181".~~

	"With UST collapsing, the stablecoin market was shaken." "$DEI The next stable to crash?"		"With UST collapsing, the stablecoin market was shaken." "$DEI The next stable to crash?"
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	<references>		<references>
	<ref name="abettametatwitter-9354">[https://twitter.com/ABettaMeta/status/1547165531584843777 ABettaMeta - "Yeah flexUSD, UST, DEI, TITAN, BitUSD, NuBits, Basecoin, One Cash, Dynamic Set Dollar, unified Stable Dollar, bDollar, Midas Dollar, Freeliquid, Stand Cash, BondAppetite, Empty Set Dollar, Coffin Dollar, OpenDAO, Wault Finance, BeanStalk, & DefiDollar holders are all doing great!" - Twitter] (Jul 13, 2022)</ref>		<ref name="abettametatwitter-9354">[https://twitter.com/ABettaMeta/status/1547165531584843777 ABettaMeta - "Yeah flexUSD, UST, DEI, TITAN, BitUSD, NuBits, Basecoin, One Cash, Dynamic Set Dollar, unified Stable Dollar, bDollar, Midas Dollar, Freeliquid, Stand Cash, BondAppetite, Empty Set Dollar, Coffin Dollar, OpenDAO, Wault Finance, BeanStalk, & DefiDollar holders are all doing great!" - Twitter] (Jul 13, 2022)</ref>
	<ref name="coinmarketcap-9356">https://coinmarketcap.com/currencies/dei/ (Oct 26, 2022)</ref>		<ref name="coinmarketcap-9356">[https://coinmarketcap.com/currencies/dei/ DEI - CoinMarketCap] (Oct 26, 2022)</ref>
	<ref name="deifinanceapp-9357">https://app.dei.finance/dashboard (Oct 26, 2022)</ref>		<ref name="deifinanceapp-9357">[https://app.dei.finance/dashboard DEI Stablecoin Application Dashboard] (Oct 26, 2022)</ref>
	<ref name="deusfinance-9358">https://deus.finance/ (Oct 26, 2022)</ref>		<ref name="deusfinance-9358">[https://web.archive.org/web/20220504064647/https://deus.finance/ Deus Finance Homepage Archive May 4th, 2022 12:46:47 AM MDT] (Oct 26, 2022)</ref>
	<ref name="coingecko-9359">https://www.coingecko.com/en/coins/dei-token (Oct 26, 2022)</ref>		<ref name="coingecko-9359">[https://web.archive.org/web/20220330135210/https://www.coingecko.com/en/coins/dei-token DEI Token (DEI) - CoinGecko Archive March 30th, 2022 7:52:10 AM MDT] (Oct 26, 2022)</ref>
	<ref name="deifinanceapparchive-9360">[https://web.archive.org/web/20220613074533/https://app.dei.finance/dashboard DEI Money Markets] (Oct 26, 2022)</ref>		<ref name="deifinanceapparchive-9360">[https://web.archive.org/web/20220613074533/https://app.dei.finance/dashboard DEI Money Markets Archive June 13th, 2022 1:45:33 AM MDT] (Oct 26, 2022)</ref>
	<ref name="deifinanceapparchive-9361">[https://web.archive.org/web/20220629173952/https://app.dei.finance/dashboard DEI Money Markets] (Oct 26, 2022)</ref>		<ref name="deifinanceapparchive-9361">[https://web.archive.org/web/20220629173952/https://app.dei.finance/dashboard DEI Money Markets Archive June 29th, 2022 11:39:52 AM MDT] (Oct 26, 2022)</ref>
	<ref name="deifinancelegacy-9362">[https://legacy.dei.finance/dashboard DEI stablecoin] (Oct 26, 2022)</ref>		<ref name="deifinancelegacy-9362">[https://web.archive.org/web/20221005223811/https://legacy.dei.finance/dashboard DEI stablecoin Legacy Dashboard Archive October 5th, 2022 4:38:11 PM MDT] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitterarchive-9363">[https://web.archive.org/web/20220819214254/https://twitter.com/DeusDao/status/1559947758538194951 @DeusDao Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitterarchive-9363">[https://web.archive.org/web/20220819214254/https://twitter.com/DeusDao/status/1559947758538194951 @DeusDao Twitter] (Oct 26, 2022)</ref>
	<ref name="coinbase-9364">https://www.coinbase.com/price/dei (Oct 26, 2022)</ref>		<ref name="coinbase-9364">[https://www.coinbase.com/price/dei DEI (DEI) Price, Charts, and News - Coinbase] (Oct 26, 2022)</ref>
	<ref name="deusfinancemedium-9365">[https://medium.com/deus-finance/dei-cross-chain-liquidity-with-a-fractional-reserve-stablecoin-3e37b7c64720 Dei Cross Chain Liquidity With A Fractional Reserve Stablecoin] (Oct 26, 2022)</ref>		<ref name="deusfinancemedium-9365">[https://medium.com/deus-finance/dei-cross-chain-liquidity-with-a-fractional-reserve-stablecoin-3e37b7c64720 Dei Cross Chain Liquidity With A Fractional Reserve Stablecoin - Deus Finance Medium] (Oct 26, 2022)</ref>
	<ref name="deistabletwitter-9366">[https://twitter.com/DEIstable/status/1521873502206369797 DEIstable - "No impermanent loss = pure APY #yield" - Twitter] (Oct 26, 2022)</ref>		<ref name="deistabletwitter-9366">[https://twitter.com/DEIstable/status/1521873502206369797 DEIstable - "No impermanent loss = pure APY #yield" - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9367">[https://twitter.com/DeusDao/status/1516031290381852677 DeusDao - "Looking for somewhere to #yieldfarm with your stables? There are a host of opportunities to stake your $DEI / $USDC on #Fantom." - Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9367">[https://twitter.com/DeusDao/status/1516031290381852677 DeusDao - "Looking for somewhere to #yieldfarm with your stables? There are a host of opportunities to stake your $DEI / $USDC on #Fantom." - Twitter] (Oct 26, 2022)</ref>

Azoundria: Another 30 minutes complete. All sources merged in.

2023-06-21T22:16:41Z

Another 30 minutes complete. All sources merged in.

Show changes

Azoundria: Another 30 minutes complete.

2023-06-20T19:45:58Z

Another 30 minutes complete.

← Older revision		Revision as of 13:45, 20 June 2023
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	DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. Most public sites such as CoinMarketCap and CoinBase have not yet listed the new token. It's only listed on CoinGecko so far.		DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. Most public sites such as CoinMarketCap and CoinBase have not yet listed the new token. It's only listed on CoinGecko so far.

	This is a global/international case not involving a specific country.<ref name="lafayettetabormedium-9378~~" /><ref name="deusdaotwitter-9381" /><ref name="deusdaotwitter-9382" /><ref name="deusdaotwitter-9383" /><ref name="deusdaotwitter-9384~~" /><ref name="deusdaotwitter-9398" /><ref name="youtube-9399" />		This is a global/international case not involving a specific country.<ref name="lafayettetabormedium-9378" /><ref name="deusdaotwitter-9398" /><ref name="youtube-9399" />

	== About DEI ==		== About DEI ==
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	\|Improved vDEUS Tokenomics		\|Improved vDEUS Tokenomics
	\|An announcement is posted with improved vDEUS tokenomics<ref name="lafayettetabormedium-9372" />. TBD read more detail.<ref name="deusdaotwitter-9386" /><ref name="deusdaotwitter-9385" /><ref name="deusdaotwitter-9384" />		\|An announcement is posted with improved vDEUS tokenomics<ref name="lafayettetabormedium-9372" />. TBD read more detail.<ref name="deusdaotwitter-9386" /><ref name="deusdaotwitter-9385" /><ref name="deusdaotwitter-9384" />
			\|-
			\|August 19th, 2022 4:00:00 AM MDT
			\|Another DEI Another Dollar Liquidity Pool Launched
			\|The Deus Finance team announces the launch of their "Another DEI Another Dollar" liquidity pool<ref name="deusdaotwitter-9382" />.
	\|-		\|-
	\|August 22nd, 2022 7:30:00 AM MDT		\|August 22nd, 2022 7:30:00 AM MDT
	\|Total Value Locked Exceeds $8m USD		\|Total Value Locked Exceeds $8m USD
	\|Deus Finance announces that the total value locked in the "Another DEI Another Dollar" liquidity pool now exceeds $8m.		\|Deus Finance announces that the total value locked in the "Another DEI Another Dollar" liquidity pool now exceeds $8m<ref name="deusdaotwitter-9381" />.
	\|-		\|-
	\|August 30th, 2022 4:41:00 AM MDT		\|August 30th, 2022 4:41:00 AM MDT
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	"I am really curious, when do we get our hands on b-bDEI?"<ref>[https://twitter.com/ergoladdie/status/1535718283839557632 Silverlightwa - "I am really curious, when do we get our hands on b-bDEI?" - Twitter] (Jun 16, 2023)</ref>		"I am really curious, when do we get our hands on b-bDEI?"<ref>[https://twitter.com/ergoladdie/status/1535718283839557632 Silverlightwa - "I am really curious, when do we get our hands on b-bDEI?" - Twitter] (Jun 16, 2023)</ref>

			=== Another DEI Another Dollar Liquidity Pool ===
			<ref name="deusdaotwitter-9381" />.

			=== Community Skepticism ===
			<ref>[https://twitter.com/ponziconomist/status/1561714925914963970 Grifto Ponziconomist - "Not falling for this again" - Twitter] (Jun 20, 2023)</ref>.

	== General Prevention Policies ==		== General Prevention Policies ==
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	<ref name="deusdaotwitter-9380">[https://twitter.com/DeusDao/status/1564606364491493388 DeusDao - "@Fantom_Intern providing some real value, explaining some key terms and topics, giving insights into the biggest DEXs on #Fantom, and explaining a few of the more technical aspects of AMMs." - Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9380">[https://twitter.com/DeusDao/status/1564606364491493388 DeusDao - "@Fantom_Intern providing some real value, explaining some key terms and topics, giving insights into the biggest DEXs on #Fantom, and explaining a few of the more technical aspects of AMMs." - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9381">[https://twitter.com/DeusDao/status/1561707258831986689 DeusDao - "TVL of the $DEI / $USDC pool on @beethoven_x has exceeded $8m. Grab some DEI, jump in, and earn those tasty $DEUS rewards." - Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9381">[https://twitter.com/DeusDao/status/1561707258831986689 DeusDao - "TVL of the $DEI / $USDC pool on @beethoven_x has exceeded $8m. Grab some DEI, jump in, and earn those tasty $DEUS rewards." - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9382">[https://twitter.com/DeusDao/status/1560567263203250177 @~~DeusDao~~ Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9382">[https://twitter.com/DeusDao/status/1560567263203250177 DeusDao - "The "Another DEI, another dollar" pool is live on @beethoven_x. Earn $DEUS rewards in this $DEI / $USDC stablefarm." - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9383">[https://twitter.com/DeusDao/status/1560250986056323074 DeusDao - "A shoutout to two of the best teams to work with in this space, the legends over at @coingecko and @FinanceFirebird. So reliable, responsive, and always on hand to offer assistance when needed. Thank you frens, you are appreciated" - Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9383">[https://twitter.com/DeusDao/status/1560250986056323074 DeusDao - "A shoutout to two of the best teams to work with in this space, the legends over at @coingecko and @FinanceFirebird. So reliable, responsive, and always on hand to offer assistance when needed. Thank you frens, you are appreciated" - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9384">[https://twitter.com/DeusDao/status/1559947796693880834 DeusDao - "On top of the WednesDEI redeployment, @lafachief is preparing an article on the vDEUS revamp Some sneak peeks. The changes will create a maximum supply cap of 600k $DEUS. vDEUS will become an ERC20. Liquidity Pools will be available & incentivized." - Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9384">[https://twitter.com/DeusDao/status/1559947796693880834 DeusDao - "On top of the WednesDEI redeployment, @lafachief is preparing an article on the vDEUS revamp Some sneak peeks. The changes will create a maximum supply cap of 600k $DEUS. vDEUS will become an ERC20. Liquidity Pools will be available & incentivized." - Twitter] (Oct 26, 2022)</ref>

Azoundria at 18:49, 20 June 2023

2023-06-20T18:49:58Z

← Older revision		Revision as of 12:49, 20 June 2023
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	DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. Most public sites such as CoinMarketCap and CoinBase have not yet listed the new token. It's only listed on CoinGecko so far.		DEI tried a wide variety of different approaches to revive the coin and re-establish the peg, but were ultimately unsuccessful. Eventually, a new coin was launched which would allow users of the old coin to get back a fraction of the coins which they originally had. Most public sites such as CoinMarketCap and CoinBase have not yet listed the new token. It's only listed on CoinGecko so far.

	This is a global/international case not involving a specific country.<ref name="lafayettetabormedium-9378~~" /><ref name="deusdaotwitter-9380~~" /><ref name="deusdaotwitter-9381" /><ref name="deusdaotwitter-9382" /><ref name="deusdaotwitter-9383" /><ref name="deusdaotwitter-9384" /><ref name="deusdaotwitter-9398" /><ref name="youtube-9399" />		This is a global/international case not involving a specific country.<ref name="lafayettetabormedium-9378" /><ref name="deusdaotwitter-9381" /><ref name="deusdaotwitter-9382" /><ref name="deusdaotwitter-9383" /><ref name="deusdaotwitter-9384" /><ref name="deusdaotwitter-9398" /><ref name="youtube-9399" />

	== About DEI ==		== About DEI ==
	<ref name="coinmarketcap-9356" /><ref name="deifinanceapp-9357" /><ref name="deusfinance-9358" /><ref name="coingecko-9359" /><ref name="deifinanceapparchive-9360" /><ref name="deifinanceapparchive-9361" /><ref name="deifinancelegacy-9362" /><ref name="coinbase-9364" /><ref name="deusfinancemedium-9365" />		<ref name="coinmarketcap-9356" /><ref name="deifinanceapp-9357" /><ref name="deusfinance-9358" /><ref name="coingecko-9359" /><ref name="deifinanceapparchive-9360" /><ref name="deifinanceapparchive-9361" /><ref name="deifinancelegacy-9362" /><ref name="coinbase-9364" /><ref name="deusfinancemedium-9365" /><ref name=":0">[https://twitter.com/Fantom_Intern/status/1564564002264473603 Fantom Intern - "Decentralized exchanges are one of the three pillars alongside money markets and a decentralized stablecoin that is the bedrock on which DeFi is built. Today I will cover three different varieties of DEXes on the Fantom Ecosystem." - Twitter] (Jun 19, 2023)</ref>

	"DEI is an advanced algorithmic cross-chain fractional-reserve stablecoin, with one native bridge that will connect to all chains within the DEUS ecosystem." "DEI is backed by cryptocurrencies. Twenty percent of its reserves are in Deus Finance’s native cryptocurrency while the remaining 80% is a combination of other stablecoins."		"DEI is an advanced algorithmic cross-chain fractional-reserve stablecoin, with one native bridge that will connect to all chains within the DEUS ecosystem." "DEI is backed by cryptocurrencies. Twenty percent of its reserves are in Deus Finance’s native cryptocurrency while the remaining 80% is a combination of other stablecoins."
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	\|August 17th, 2022 10:58:00 AM MDT		\|August 17th, 2022 10:58:00 AM MDT
	\|Improved vDEUS Tokenomics		\|Improved vDEUS Tokenomics
	\|An announcement is posted with improved vDEUS tokenomics<ref name="lafayettetabormedium-9372" />. TBD read more detail.<ref name="deusdaotwitter-9386" /><ref name="deusdaotwitter-9385" />		\|An announcement is posted with improved vDEUS tokenomics<ref name="lafayettetabormedium-9372" />. TBD read more detail.<ref name="deusdaotwitter-9386" /><ref name="deusdaotwitter-9385" /><ref name="deusdaotwitter-9384" />
			\|-
			\|August 22nd, 2022 7:30:00 AM MDT
			\|Total Value Locked Exceeds $8m USD
			\|Deus Finance announces that the total value locked in the "Another DEI Another Dollar" liquidity pool now exceeds $8m.
			\|-
			\|August 30th, 2022 4:41:00 AM MDT
			\|Fantom Intern Tutorial
			\|<ref name="deusdaotwitter-9380" /><ref name=":0" />.
	\|-		\|-
	\|September 3rd, 2022 6:56:00 PM MDT		\|September 3rd, 2022 6:56:00 PM MDT
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	<ref name="lafayettetabormedium-9378">[https://lafayettetabor.medium.com/new-dei-peg-mechan-1af3e3d9a975 New Dei Peg Mechan] (Oct 26, 2022)</ref>		<ref name="lafayettetabormedium-9378">[https://lafayettetabor.medium.com/new-dei-peg-mechan-1af3e3d9a975 New Dei Peg Mechan] (Oct 26, 2022)</ref>
	<ref name="lafayettetabormedium-9379">[https://lafayettetabor.medium.com/dip-7-treasury-bonds-4cc886148b9e Dip 7 Treasury Bonds - Lafayette Tabor Medium] (Oct 26, 2022)</ref>		<ref name="lafayettetabormedium-9379">[https://lafayettetabor.medium.com/dip-7-treasury-bonds-4cc886148b9e Dip 7 Treasury Bonds - Lafayette Tabor Medium] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9380">[https://twitter.com/DeusDao/status/1564606364491493388 @~~DeusDao~~ Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9380">[https://twitter.com/DeusDao/status/1564606364491493388 DeusDao - "@Fantom_Intern providing some real value, explaining some key terms and topics, giving insights into the biggest DEXs on #Fantom, and explaining a few of the more technical aspects of AMMs." - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9381">[https://twitter.com/DeusDao/status/1561707258831986689 @~~DeusDao~~ Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9381">[https://twitter.com/DeusDao/status/1561707258831986689 DeusDao - "TVL of the $DEI / $USDC pool on @beethoven_x has exceeded $8m. Grab some DEI, jump in, and earn those tasty $DEUS rewards." - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9382">[https://twitter.com/DeusDao/status/1560567263203250177 @DeusDao Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9382">[https://twitter.com/DeusDao/status/1560567263203250177 @DeusDao Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9383">[https://twitter.com/DeusDao/status/1560250986056323074 @~~DeusDao~~ Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9383">[https://twitter.com/DeusDao/status/1560250986056323074 DeusDao - "A shoutout to two of the best teams to work with in this space, the legends over at @coingecko and @FinanceFirebird. So reliable, responsive, and always on hand to offer assistance when needed. Thank you frens, you are appreciated" - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9384">[https://twitter.com/DeusDao/status/1559947796693880834 @~~DeusDao~~ Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9384">[https://twitter.com/DeusDao/status/1559947796693880834 DeusDao - "On top of the WednesDEI redeployment, @lafachief is preparing an article on the vDEUS revamp Some sneak peeks. The changes will create a maximum supply cap of 600k $DEUS. vDEUS will become an ERC20. Liquidity Pools will be available & incentivized." - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9385">[https://twitter.com/DeusDao/status/1559947793967505408 DeusDao - Yield Farm Addresses For Beethoven, Spirit Swap, and Spooky Swap - Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9385">[https://twitter.com/DeusDao/status/1559947793967505408 DeusDao - Yield Farm Addresses For Beethoven, Spirit Swap, and Spooky Swap - Twitter] (Oct 26, 2022)</ref>
	<ref name="deusdaotwitter-9386">[https://twitter.com/DeusDao/status/1559947767400878082 DeusDao - "The redeem ratio will begin at 99% and gradually trend towards 90% over the coming weeks leading up to the first bDEI maturity date at the end of September. This will result in up to a 10% $DEUS burn per minted $DEI " - Twitter] (Oct 26, 2022)</ref>		<ref name="deusdaotwitter-9386">[https://twitter.com/DeusDao/status/1559947767400878082 DeusDao - "The redeem ratio will begin at 99% and gradually trend towards 90% over the coming weeks leading up to the first bDEI maturity date at the end of September. This will result in up to a 10% $DEUS burn per minted $DEI " - Twitter] (Oct 26, 2022)</ref>