About Nondollar.life

Hedge non-usd stablecoins at 0 cost

nondollar.life is built on a simple idea:

Convert currency volatility into yield.

Non-usd currencies like EURO, KRW, JPY and others move against the US dollar every day, creating volatility that traditional finance markets actively trade.

Yet in DeFi, this volatility is mostly left unused. Also, there is no way for users to hedge their exposure of these currencies onchain.

This observation led to the development of nondollar.life, a protocol designed to convert currency volatility into yield for non-USD assets.

This creates a new category of DeFi yield, one derived from currency movements rather than lending or inflationary rewards. Users can hedge EURO/KRWQ and other currencies at 0 cost and also earn double digit yields on them. The system works by:

• Tracking daily currency movements

• Converting volatility into Hedge Yield

• Distributing this yield to users holding non-USD stablecoins

At the same time, other users can deposit USD stablecoins like USDC/USDT in dCDS to earn premiums by taking the other side of this exposure.