Beliefs

1. "True Stability is Built on Trust, Not Oracles"

• Reasoning: Traditional stablecoins often rely on external oracles to report the price of the USD or other collateral, which introduces risk through potential data manipulation, downtime, or centralization. By removing dependence on oracles, OFD ensures that its value is anchored directly to the collateral supplied by users, making it immune to third-party failures. This creates a truly decentralized and trustless system, where users don’t need to rely on external feeds to maintain stability.

You are participating in a system that doesn’t depend on centralized entities or external price feeds. Your participation makes OFD more resilient and secure.

2. "A Decentralized Dollar for Decentralized Freedom"

• Reasoning: The USD is the world’s most widely used currency, but stablecoins that map the USD are often centralized (e.g., USDC, USDT), subject to government regulation, and can be frozen or confiscated. OFD offers an alternative: a decentralized USD-stablecoin that is free from such controls. It's a self-sovereign digital asset that users can fully control, ensuring that even in restrictive environments, individuals have access to a stable, liquid asset.

OFD gives you a stable currency without compromising your autonomy or exposing you to centralized risks. It's financial independence, without the middleman.

3. "Collateral is Power—Your Collateral, Your Control"

• Reasoning: The value of OFD is directly tied to the collateral provided by users, and increasing this collateral boosts the value of the system exponentially. Unlike algorithmic stablecoins or fiat-backed coins that rely on centralized reserves, OFD’s strength comes from the collective action of its users. As collateral increases, the system’s ability to mint stable, valuable OFD grows, creating an exponentially growing asset.

Every user has the power to make OFD stronger. By increasing your collateral, you’re not just benefiting yourself—you’re amplifying the entire system. Together, we are creating a stable, exponentially growing asset that is truly decentralized.