My Chads, bullish on $DFD DefiDollar this month.

DFD staking will go live next week, with half of all revenue from DUSD staking going towards the DFD vault in the form of buybacks.

This combined with incentives from $SUSHI Sushiswap and being very low DEFI cap.

So lets ELI5.

1/ Half of the DUSD revenue will be used for buybacks. DUSD revenue is dependent on the curve DUSD pool's yield, as well as the amount of DUSD in circulation (higher for both is better). Therefore, the more DUSD minted, the more DFD bought back.

2/ $SUSHI Sushiswap & DefiDollar are going to incentivize an ETH-DUSD pool, which means that all LPs for USDT-ETH, USDC-ETH, DAI-ETH on Sushiswap can switch to LPing for ETH-DUSD for higher yield. The more that do this, the more buybacks for the DFD staking vault.

3/ The more buybacks, the higher the DFD price, the higher the yield for ETH-DUSD LPs, the more DUSD minted, i.e. positive feedback loop.

4/ If just 5% of all ETH-stablecoin LPs already on $SUSHI
Sushiswap switch over for the higher yield, that's $35k per day in buybacks for DFD, or 1.5% of circulating supply per day bought at current prices.

Farmers love high yield, so I expect farmers to switch to DFD pairs.

5/ Historically, things connected to $SUSHI pump, combined with buyback news which historically also result in an increase in price. I have no reason not to be bullish on $DFD this month.

Especially on a low cap coin like $DFD, the buybacks will likely be significant.