Monster Slayer Share Profile (MSS)
Project Safety Score
Wed, Aug 9, 2023 11:15 AM
Monster Slayer Share
token
BNB Smart Chain (BEP20)
MonsterSlayerFinance is an algorithmic synthetics platform: infinite-scalable, long-term sustainable, and decentralized. Our approach to stabilization – implementing best practice of seigniorage combined with a special stabilization fund to limit the effect of post-farming dumping. Monster Slayer Cash tokens are designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts the MSC supply to maintain MSC's peg to 1 $BUSD token (which trades close to a single United States Dollar). During epoch expansions (when TWAP - the time-weighted average price of MSC is above the 1 $BUSD peg), the protocol mints MSC and distributes it proportionally to all Monster Slayer Share (MSS) holders who have staked their tokens inside the boardroom. When MSC's TWAP falls below 1 $BUSD peg, Monster Slayer Bond (MSB) gets issued and can be bought with MSC at its prevailing price.
Read more in the whitepaper:- team not submitted
- Seigniorage
- Decentralized Finance (defi)
- BNB
- BNB Smart Chain (BEP20)
- no features
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