iShares MSCI World ETF Tokenized Stock Defichain

Halal Rating :
Comfortable
Last Price $10.0 Last updated:
Rank 6884
1D Change -20.62 %
Market Cap -
Circulating supply 0
Maximum supply None

Crypto Overview

Overview

DURTH is a tokenized version of the iShares MSCI World ETF stock that exists on the DeFiChain blockchain. It's part of DeFiChain's decentralized assets (dAssets) system, which allows users to gain price exposure to traditional financial assets through decentralized means.

Purpose and Utility

The primary purpose of DURTH is to provide crypto users with exposure to the price movements of the iShares MSCI World ETF through a decentralized mechanism. The token tracks the price of the underlying ETF through DeFiChain's price oracle system.

Business Model

The token operates on DeFiChain's dAssets protocol, which allows users to mint these tokens through collateralized positions. Users must over-collateralize their positions with DeFiChain's native token (DFI) to mint DURTH tokens.

Real-World Adoption

The token is primarily used by DeFiChain ecosystem participants who want exposure to traditional financial assets without leaving the blockchain environment. The actual trading volume and liquidity metrics suggest limited but existing adoption within the DeFiChain ecosystem.

Platform Development

The token exists as part of DeFiChain's broader dAssets system, which has shown consistent development activity and platform improvements. The underlying infrastructure is actively maintained and regularly updated.

Rating Justification

Member Vote

Agree: 0 Disagree: 0

Login to vote on this

Comments