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Who is Open Dollar built for?

Open Dollar is designed for a diverse range of users within the DeFi ecosystem, particularly those interested in leveraging their Liquid Staking Tokens (LSTs) and Arbitrum-native assets assets. Check out our supported collateral page to learn more.

Key user groups include:

  1. Long-Term Holders: Individuals who want to unlock the value of their tokens without selling them or forfeiting their LST yields.
  2. DeFi Enthusiasts and Traders: Users looking for advanced DeFi mechanisms like Collateralized Debt Positions (CDPs) and Non-Fungible Vaults (NFVs) to manage and leverage their digital assets more efficiently.
  3. Risk-Averse Investors: Those seeking stable returns and reduced volatility in the DeFi space, attracted by the OD stablecoin’s dynamic control system that maintains its peg.
  4. Developers and Innovators: Interested in exploring new use cases enabled by the Open Dollar protocol, such as leveraging NFVs for various DeFi applications.
  5. Arbitrageurs and Market Makers: Users seeking to capitalize on arbitrage opportunities created by the OD stablecoin's price deviations from its peg.

Open Dollar caters to a wide audience in the DeFi community, offering tools and mechanisms for both conservative and aggressive financial strategies while emphasizing security, flexibility, and reduced governance intervention.