Order&Chaos — a dual algorithmic stablecoin system that borrows Nirvana's idea from the Solana network. The ONC protocol is fully implemented and can run on any chain that is compatible with the EVM.
What is special about Order&Chaos?
At the code and runtime level, the project runs in a virtual machine environment other than Nirvana, the developers use Solidity to implement the core Order&Chaos logic.
To start earning with ONC, you need to buy $CHAOS through the protocol's instant buy market. Bet $CHAOS and start earning $prCHAOS rewards. Claim your $prCHAOS rewards and turn them into $CHAOS. Stake your newly acquired $CHAOS to earn interest on your $prCHAOS rewards. Mint $ORDER credit from your staked $CHAOS and use that $ORDER to buy more $CHAOS, increasing your risk with zero liquidation risk.
Dapp tokenomics
Order&Chaos produces the $CHAOS token, an algorithmic metastable token that serves as storage. Also, there is the $ORDER token - a decentralized ultra-stable store of value. This allows you to receive loans with zero liquidation risk in the amount of $ORDER with a negative interest rate. You receive income from your debt. This is achieved by transferring the volatile speculative energy of the $CHAOS token to support the ultra-stable $ORDER token. The $ORDER token pools diverse holdings of stablecoins, concentrating their fragmented liquidity into a single token.
Other features:
| 1. | Order&Chaos maintains a diverse basket of reserve assets that support the value of $CHAOS. |
| 2. | At any given time, $CHAOS has intrinsic value, guaranteed by reserves. |
| 3. | The protocol will always buy $CHAOS back at its intrinsic value, and so that value becomes a hard floor price below which the token cannot trade. |
Users are interested in betting on their $CHAOS in order to receive periodic rewards. The protocol issues pre-CHAOS tokens ($prCHAOS) at regular intervals, based on the total supply of $CHAOS. These $prCHAOS tokens are given to stakers in proportion to how much they staked. The result of the recurring rewards creates an accumulation of APY for stakers.