Annual Projections
The DFY+ pricing mechanism directly reflects protocol overcollateralization through mathematical precision. Starting at $1.00 (representing 100% collateralization with zero distributable surplus), the token price appreciates as revenue streams create systematic overcollateralization beyond the backing requirements.
Annual Price Trajectory:
Starting Price: 1.0000 DFY (January 1, 2026)
Ending Price: 1.1338 DFY (December 31, 2026)
Gross Return: 13.83%
Annual APY: 13.83%
This appreciation occurs independently of DFY+ supply changes. New issuances and redemptions do not affect the price calculation, as the mechanism solely reflects the ratio between total collateral value and circulating DFY+ supply. This design ensures existing holders cannot experience dilution from new participants, while redemptions do not artificially inflate remaining holder value.
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