DMF Architecture for deterministic on-chain money.
EVERY USAGE → USDC RESERVES → BACKING RISES
USDC BACKING
RESERVES
RESERVES
- 1
One contract on Base. Send USDC, receive dmfUSD. Send dmfUSD back, receive USDC.
- 2
A 0.25% fee applies to buy and redeem: 60% remains as USDC backing; 40% is allocated to Operations. Backing per token only rises.
- 3
Anyone can check the USDC balance against supply on BaseScan. There is no admin mint, freeze, or pause.