DediumPrice

(DEDI)

Dedium (DEDI) is a decentralized, over-collateralized stablecoin protocol engineered to maintain a stable peg to the US Dollar. Beyond its stablecoin function, Dedium operates as a decentralized network that democratizes access to GPU resources. It achieves this by leveraging idle GPUs from users, such as gamers and miners, and compensates them with DEDI tokens. This innovative dual approach aims to broaden computational power availability for demanding applications like AI, machine learning, and 3D rendering.

The Annual Percentage Yield (APY) for staking DEDI is dynamic and not fixed. It is primarily influenced by two key factors: liquidation events within the stablecoin protocol and the emission rate of new DEDI tokens. Consequently, the APY can vary significantly. During periods of calm market conditions, it might register in single-digit percentages. However, in times of high market volatility, where liquidations are more frequent, the APY can surge, potentially exceeding one hundred percent.

A primary risk when staking DEDI is the potential for deposited capital to be utilized to absorb liquidated collateral within the stablecoin protocol. This mechanism, while crucial for maintaining the stablecoin peg, could lead to a decrease in a staker's DEDI balance, even if other rewards are simultaneously increasing. Furthermore, like all decentralized finance (DeFi) protocols, Dedium carries inherent risks such as potential smart contract vulnerabilities and economic exploits. While audits have been conducted, users are always advised to conduct thorough personal due diligence.

DEDI serves as the liquid governance token within the Dedium ecosystem. It can be freely traded and transferred. In contrast, veDEDI, which stands for vote-escrowed DEDI, is a non-transferable token. Users acquire veDEDI by intentionally locking up their DEDI tokens for a specified period. The primary purpose of veDEDI is to represent enhanced voting power, allowing its holders to actively participate in and influence the governance decisions of the Dedium protocol. This mechanism incentivizes long-term commitment and participation.

The DEDI token has several key use cases. It can be utilized for arbitrage trading, leveraging its inherent price fluctuations. Holders can also generate yield by participating in lending protocols or other financial products that integrate DEDI. Additionally, DEDI serves as a medium for sending and receiving payments across the network. A crucial utility is its role in governance; users can lock DEDI to acquire veDEDI, thereby gaining voting power to influence protocol decisions. Furthermore, DEDI is earned by users who contribute their idle GPU resources to the decentralized computational network.

DEDI tokens can be acquired through several channels. A direct method is purchasing them on cryptocurrency exchanges. For instance, DEDI is listed on platforms like LBank and Bitget, where users can exchange other cryptocurrencies or fiat for DEDI. Beyond direct purchase, users can also earn DEDI without direct financial outlay. This includes participating in community-driven initiatives such as inviting friends to the platform or engaging in various promotional airdrop events that distribute DEDI tokens as rewards for participation.