Token FAQ

Q: Is USDp pegged 1:1 with the U.S. dollar? A: Yes. USDp is pegged to the dollar, but not backed 100% by USD. USDp is 140% overcollateralized by a basket of digital assets and cryptocurrencies approved by the PANDA token holders.
Q: What is the advantage of using USDp over other stablecoins like USDC? A: USDp is purpose-built for PandaFantasy. It provides direct integration with in-game mechanics, offers yield opportunities for the DAO, and aligns incentives across football clubs and the gaming community.
Q: How safe is my USDp? A: USDp is secured by multiple assets (USDC, ETH, BTC, PANDA, keys). The diverse collateral and DAO oversight help mitigate risk. Additionally, only 10% of collateral is held in liquid stablecoin form to reduce potential exposure to hacks.

Last updated 2 months ago

Q: Is USDp pegged 1:1 with the U.S. dollar? A: Yes. USDp is pegged to the dollar, but not backed 100% by USD. USDp is 140% overcollateralized by a basket of digital assets and cryptocurrencies approved by the PANDA token holders.
Q: What is the advantage of using USDp over other stablecoins like USDC? A: USDp is purpose-built for PandaFantasy. It provides direct integration with in-game mechanics, offers yield opportunities for the DAO, and aligns incentives across football clubs and the gaming community.
Q: How safe is my USDp? A: USDp is secured by multiple assets (USDC, ETH, BTC, PANDA, keys). The diverse collateral and DAO oversight help mitigate risk. Additionally, only 10% of collateral is held in liquid stablecoin form to reduce potential exposure to hacks.

Last updated 2 months ago