Kai Protocol- Next-generation algorithmic stablecoin protocol
Kai Protocol is the first algorithmic stablecoin on Klaytn chain with an innovative solution that can adjust its supply deterministically to move the price of the token in the direction of a target price to bring programmability and interoperability to DeFi.
Kai Protocol has designed KAI's improved supply and demand algorithms compared to another algorithmic stablecoin project, while providing additional stability comparable to legal and cryptocurrency-linked stable coins such as Tether (USDT) and DAI through buyback funds.
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