Where and how to buy OFD on Polygon

Oracle Free Dollar ($OFD) is an asset-backed stablecoin featured on Stabull, facilitating low-fee swaps with USDC and other fiat-backed stablecoins. The platform also hosts USDC & OFD Liquidity Pools on Polygon.

OFD is a asset-backed stablecoin denominated in United States Dollar created by the Oracle Free Dollar Protocol, a decentralized finance protocol founded in Switzerland. It maintains its peg to the US Dollar through a unique, decentralized mechanism. Their auction-based liquidation system ensures stability without relying on external price feeds, making Oracle Free Dollar one of the most robust and trustless stablecoins in the market.

Stabull offers a seamless and efficient swapping mechanism between OFD and USDC, as well as all of our other supported stablecoins on our Polygon DEX.

On Stabull each non-USD stablecoin is paired with USDC in a liquidity pool, meaning in order to add liquidity and earn $STABUL rewards, LP’s must deposit both tokens. So where do you get these stablecoins? Of course you can swap USDC for OFD close to the peg within the Stabull app , but there may be an opportunity to find OFD elsewhere, particularly while protocol TVL is growing. 

Once you have OFD in your web3 wallet, you can then connect to app.stabull.finance and start adding liquidity to the USDC/OFD Pool on Polygon.