Introduction

An introduction to DUCA's unique Triple-Token Economy

The DUCA Reflexivity Protocol has a unique triple-token economy that forms the basis of the native tokens.

Triple-Token Economy

DUCA's unique triple-token economy revolves around three key tokens:

1. DUCA - DUCA is the primary currency within the DUCA Reflexivity Protocol. It is designed to function as Programmatic Money, adjusting its supply dynamically in response to market conditions without direct human intervention. DUCA's value and stability are maintained through the reflexive actions of the protocol.

2. DCM - DCM is the fuel that keeps the DUCA Reflexivity Protocol running. It acts as the stability token within the ecosystem and serves as the lender of last resort. It autonomously stimulates adjustments in its supply, to support DUCA's value. DCM is also used throughout the protocol as endogenous collateral and DCM is needed to mint DUCA as well as to create LPD.

3. LPD - LPD is the liquidity token within the DUCA Reflexivity Protocol, which participants receive as a receipt for supplying liquidity via the DMM to the Stability Pool (by swapping DCM for LPD). LPD holders are incentivized by several mechanisms and fee structures to maintain, increase or decrease their stake in the protocol’s liquidity.

ALL VALUES ARE DENOMINATED IN DUCA

Unless specifically stated differently, the Protocol will always use DUCA as a denominating value in calculations, formulas and transactions. In situations where the Protocol receives open market data to establish the market value of an asset and this value is expressed in USD, the Protocol will then exchange that value into DUCA using the DUCA Exchange Value.