DLRS Token
DLRS is a receipt token that represents a 1:1 claim on the DollarStore reserve pool.
How it works
When you deposit a stablecoin into DollarStore, you receive DLRS at a 1:1 ratio:
Deposit 1,000 USDC → Receive 1,000 DLRS
Deposit 500 USDT → Receive 500 DLRS
DLRS is fungible regardless of which stablecoin was deposited. 1,000 DLRS from a USDC deposit is identical to 1,000 DLRS from a USDT deposit.
Redeeming DLRS
DLRS can be redeemed for any supported stablecoin, subject to reserve availability:
Burn 1,000 DLRS → Receive 1,000 USDC (if reserves available)
Burn 1,000 DLRS → Receive 1,000 USDT (if reserves available)
If reserves are insufficient, you can either:
- Join the queue and wait for deposits
- Receive a different stablecoin that has reserves
Technical details
| Property | Value |
|---|---|
| Standard | ERC-20 |
| Decimals | 6 (matches USDC/USDT) |
| Minting | Only by DollarStore contract |
| Burning | Only by DollarStore contract |
DLRS cannot be minted or burned by anyone except the DollarStore contract. This ensures the 1:1 backing is always maintained.
Contract
See Addresses for the deployed DLRS token address.