Oracle Free Dollar (OFD) is a decentralized, over-collateralized stablecoin designed to maintain a 1:1 parity with the US Dollar by leveraging a unique oracle-free mechanism within the Ethereum DeFi ecosystem. Developed by the community-driven OFD DAO, OFD aims to provide robust censorship resistance, full transparency, and sustainable, interest-free loans for long-term stability.

Official Site: https://oraclefreedollar.org/

OFD offers a stable digital representation of the US Dollar, facilitating efficient, censorship-resistant transactions and decentralized borrowing without the reliance on external oracles. The protocol allows users to mint OFD against approved collateral assets, maintaining solvency through robust risk parameters and transparency. Its oracle-free architecture removes reliance on off-chain data providers, significantly reducing attack surfaces and points of failure compared to traditional DeFi stablecoins.

• Fully decentralized & censorship-resistant

• Over-collateralized: Maintains stability by requiring significantly more collateral than the value of issued OFD

• No reliance on oracles: Uses a mechanism that references internal price discoverability, increasing security and resilience

• Permissionless and transparent: All smart contracts and protocol operations are fully public and verifiable on-chain

Issuer: OFD DAO

OFD DAO: A decentralized autonomous organization, governed by OFD token holders, responsible for protocol upgrades, adding/removing collateral types, and risk parameter adjustments

Stabull Pools: OFD/USDC (Polygon)

Investor Portal: https://oraclefreedollar.org/

Addresses:

Polygon: 0x9cFb3B1b217b41C4E748774368099Dd8Dd7E89A1

Links:

• Polyscan