DM: The Secure, Decentralized Dollar
Always Stable. Always Backed. Always in Your Control.
DM is a next-generation stablecoin pegged 1:1 to the U.S. dollar. Unlike traditional stablecoins, it cannot be frozen or censored. Every token is backed by overcollateralized assets within the Discount Dao Protocol, ensuring resilience and transparency. Users anywhere in the world can mint DM through decentralized vaults, swap into DM from accepted stablecoins, or borrow against approved collateral.
Why Investors Trust DM
Fully Overcollateralized
Every DM in circulation is backed by more than $1 worth of high-quality collateral. This ensures that DM remains stable and secure, even during volatile markets.
Resilient Through Auctions & Buffers
In the event of risky loans or undercollateralized vaults, DM uses automated auctions and a protocol buffer to maintain peg stability. Investors can rely on a system built to handle stress events.
Decentralized & Unfreezable
Unlike centralized stablecoins, DM cannot be frozen or seized. Ownership is always in the hands of the user, safeguarded by transparent smart contracts and community governance.
Transparency You Can Verify
All collateral levels, vaults, and governance actions are visible to anyone at any time. Investors can independently verify the health of the protocol, the collateral backing DM, and the outcomes of governance decisions.
Peg Stability Module
The Peg Stability Module (PSM) is a built-in safeguard that ensures DM never drifts away from its $1 peg. It allows users to seamlessly swap between DM and other trusted stablecoins like USDC, DAI, and USDT, creating a constant, liquid market that anchors DM to the dollar. The system charges only a minimal swap fee, which allows Discount Dao to accept a wide range of stablecoins, even those that may temporarily de-peg. This mechanism keeps DM fully backed, protects its stability, and adds a layer of revenue to strengthen the protocol. With the PSM, investors gain confidence knowing that DM maintains a tight peg while also supporting broader stability across the DeFi ecosystem.
Governed by the Community
Discount Dao token holders decide which assets are accepted as collateral, stability fees, liquidation ratios, and more. This ensures no single entity controls the protocol.
Utility Beyond Stability
use across Defi
Use DM anywhere across DeFi protocols, exchanges, and applications.
Pay fees
Pay fees within the system using DM or partnered P&S tokens.
Swap
Swap DM seamlessly with other major stablecoins through the Peg Stability Module.
Leverage
Leverage assets for more exposure to the assets you want.
The Future of Secure Money
DM is more than a stablecoin — it’s a decentralized financial foundation. Built for resilience, security, and financial confidence, DM ensures stability without compromising freedom.