Kerosene token enables DYAD stablecoin minting using surplus collateral, offering arbitrage opportunities to maintain parity.
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Kerosene is a token used within an ecosystem to mint DYAD stablecoins by leveraging surplus collateral. It doesn't act as collateral itself but grants the right to mint DYAD against the excess collateral already present. The protocol dictates Kerosene's value based on the system's overcollateralization level, essentially equating it to the available surplus collateral (collateral minus DYAD). Its market price may fluctuate, but arbitrage opportunities exist if it falls below its protocol-defined value, bringing it back into parity.
As of now, Kerosene is trading at 0.005255 USD, with a 24-hour trading volume of approximately 0 USD. The KEROSENE to USD price is updated in real time. Over the past 24 hours, Kerosene has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 0 KEROSENE in circulation out of a maximum supply of 1 000 000 000 KEROSENE.
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