• Scalable Dollar Protocol

  • High APY Algorithmic Stablecoin
Scalable Dollar Protocol - High APY Algorithmic Stablecoin

Assume a stablecoin is worth $1. When it drops to $0.80, an algorithm recognizes the imbalance between supply and demand, and automatically sets a market buy order to push the price back. In case the price goes above $1, the algorithm sells assets to maintain the price on agreed level.

Status: Live

Author

Mr Soltaz

Software license

MIT

Last updated: Jan 5th, 2021
Submitted: Jan 5th, 2021

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