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Stablecoin protocol DCNTRL Network announced it's live on the BNB Chain mainnet with the launch of $USDEFI, a USD stablecoin. Users can deposit $BNB to mint $USDEFI to explore yield opportunities in DeFi.
$USDEFI aims to provide the BNB Chain ecosystem with a decentralized, secure, and highly capital-efficient stablecoin to fill the void left by $BUSD. It only supports $BNB as collateral and offers zero interest rates. Users can use $USDEFI in DeFi activities or deposit it into the stability pool on DCNTRL Network to earn rewards.
In addition, users can stake $DCNX, DCNTRL Network's native token, on the protocol to share in all the fees generated each time $USDEFI is minted or redeemed.
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