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Update What-is-OD.mdx
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TimKingery authored Apr 24, 2024
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Expand Up @@ -6,6 +6,8 @@ title: What is OD?

OD is Open Dollar’s robust and over-collateralized stablecoin backed by LSTs. Its \$1.00 floating peg is maintained by the protocol’s algorithm which adjusts it’s redemption rate by repricing debt, incentivizing vault managers to take actions to restore its value.

Read more on our [blog](https://www.opendollar.com/blog/control-pegged-stablecoin-mechanics-how-od-stays-stable).

### Features

* Stable Value: Pegged to \$1.00 for consistency and predictability in transactions.
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