3️⃣Your Dashboard
This page provides a detailed guide to the DCNTRL Protocol's user dashboard. It explains the functionalities of each section.
The user dashboard is the central hub for managing your interactions with the DCNTRL Protocol. It provides a comprehensive suite of tools and information to help you manage your positions, mint USDEFI, stake USDEFI in the stability pool, and claim and stake DCNX rewards to earn protocol revenue. This guide will walk you through the various sections of the dashboard and explain their functionalities.
🏦 Mint USDEFI Section
The Mint USDEFI section is where you can manage your USDEFI positions. Here, you can allocate BNB as collateral to mint USDEFI. This section also allows you to redeem USDEFI for BNB and adjust your collateral ratio to match your risk profile.
For more detailed information on how to mint USDEFI, manage your positions, and adjust your collateral ratio, please refer to our breakdown of this here:
4️⃣Borrowing (Minting) USDEFITo learn more about the USDEFI token, how it works & how we maintain peg be sure to check out this resource:
💲USDEFI Stablecoin⚖️Stability Pool
The Stability Pool is where you can stake your USDEFI to support the health of the protocol. By staking USDEFI in the Stability Pool, you can earn DCNX rewards and contribute to maintaining the stability of the system. To find out how to Stake your USDEFI to start earning, or unstake it, be sure to check out our full user guide:
5️⃣Start Earning with USDEFITo learn more about what the Stability Pool is, and the benefits of supporting the protocol's health, please visit our in-depth breakdown:
💸Earning in USDEFI Stability Pool🔒DCNX Staking
The DCNX Staking section is where you can manage your DCNX stakes. The more DCNX you stake, the more protocol revenue you will earn. This section provides an interface for managing your stakes and tracking your earnings. To find out how you can start earning protocol revenue and manage your DCNX stake, please check out our detailed user guide:
🏆How to stake DCNX to earn Protocol RevenueFor a complete understanding about how DCNX staking works read this section:
💎DCNX Tokens❤️Total Liquidity
The Liquidity Section provides live stats for the Total Value Locked (TVL) in BNB, the Borrowing Fee, and the Total Collateral Ratio. This section allows you to monitor the health of the ecosystem and make informed decisions.
💳Your Wallet Balance
The Balance Section shows the assets available in your wallet, including BNB, USDEFI, and DCNX. It also displays any pending DCNX rewards.
📊 Statistics
The Statistics section provides key metrics about the DCNTRL Protocol:
Borrowing Fee: This is a one-off fee charged as a percentage of the borrowed amount (in USDEFI). The fee varies between 0.5% and 5% depending on USDEFI redemption volumes.
Total Value Locked (TVL): This is the total value of BNB locked as collateral in the system, given in BNB and USD.
USDEFI Supply: This shows the total number of active Mints in the system.
USDEFI in Stability Pool: This shows the total USDEFI currently held in the Stability Pool, expressed as an amount and a fraction of the USDEFI supply.
Staked DCNX: This shows the total amount of DCNX that is staked for earning fee revenue.
Total Collateral Ratio: This is the ratio of the Dollar value of the entire system collateral at the current BNB:USD price, to the entire system debt.
Recovery Mode: Recovery Mode is activated when the Total Collateral Ratio (TCR) falls below 150%. When active, your Mint can be liquidated if its collateral ratio is below the TCR. The maximum collateral you can lose from liquidation is capped at 110% of your Mint's debt. Operations are also restricted that would negatively impact the TCR.
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