As a short explanation on how we as a community and blockchain drifted into such a situation with such high algo ratios.
In the beginning of the dToken system we had a big premium of 25 to 50% on dUSD and dToken. In order to reduce this premium, the community decided via Twitter Spaces that we should use DFI to payback dUSD loans. DFI at this time was between 3 and 5$.
Those DFI got burned and created the first algo dUSD. Total created dUSD via this mechanism were 223.56M. This mechanism got turned off.
To keep the dToken premium within a range of +/-5%, the FutureSwap (FS) was created which swaps dUSD to dToken and back. Since this could create algo dUSD (more dUSD minted than burned) over time, we created this page to show the current state.
In the following graphs if the delta of FS shows a positive number it means it created more algo tokens than it burned. If the delta of FS shows a negative number it means it burned more token than it created.
Displayed values were taken at block 3517797. Shown values are measured in respective oracles prices (1 DUSD = 1$). Displayed future swap prices are current oracle prices and not at the time where the mint or burn occurred. If delta is positive for FutureSwap it means that it created (minted) additional tokens. If delta is negative it means that it destroyed (burned) additional tokens. Additional the dUSD volume was gathered between blocks 3514917 and 3517797. Automated buys are performed by Buy and Burn Bot (BBB) and automated sells are performed by CAKEs' Yield Vault, everything else is counted as organic, means that a user bought or sold dUSD.
dUSD circulating supply
Shown time frame: