USDoge

USDO is a hyper-collateralized stablecoin developed under Nova DAO for Dogechain, which dynamically increases the amount of collateral backing required as the underlying price of dogecoin increases. USDO prioritizes the health of its USD peg above all other factors; and due to this, stakers may only exit from the wDOGE staking pool while the underlying backing is above the current collateral target zone. USDO redemptions back to wDOGE are always kept fully available, with scaling fee rates that may never exceed 5%, and scaling redemption rates in the event of any collateralization levels below 100%. Note that USDO is an experimental stablecoin, and is not regulated by any parties.