Getting started
The DurovUSD currency is generated on the official website of the Durovs Protocol platform.
Anyone with assets can use them as collateral to generate DurovUSD currency using unique smart contracts, also called “collateralized debt obligations”.
The assets the user places are held in collateralized debt obligations, allowing that user to generate DurovUSD, but debt is also incurred for the generation.
This debt effectively locks the assets transferred as collateral inside the collateralized debt obligation until an equivalent amount in DurovUSD currency is paid, at this point, the owner can withdraw their collateral again.
Active collateralized debt obligations are always overcollateralized - meaning that the value of the collateral exceeds the volume of the debt.
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