Atlantis — a decentralized reserve currency protocol, based on the ATLAS token. Each ATLAS token is backed by a basket of tokens in the Atlantis treasury, which gives it an intrinsic value below which it cannot fall. Atlantis also brings unique economic and game-theoretic dynamics.
Description of the Atlantis crypto defi project
Atlantis market participants have two main strategies: buying liquid bonds and reserve bonds. Reserve bonds in the form of WBNB, BUSD, CAKE will be issued to allow the protocol to increase the treasury. For liquidity bonds, you can buy LP pairs such as ATLAS / BUSD. With these assets, the protocol will be able to generate rate income that will further exacerbate Treasury growth. The main benefit for stakers - the profit, generated by the protocol. At the same time, term deposits guarantee you a high APY. The protocol earns income from both its reserve assets and trading fees.
Other features of the crypto project:
| 1 | The ATLAS price depends on the market valuation. The base price is always = or> $ 1 because the protocol will perform a buyback and burn out when the price falls below the $ 1 peg. |
| 2 | Each ATLAS is supported by 1 BUSD, not tied to it. |
The Atlantis Protocol seeks to convert most of the existing $ FINS and $ JAWS tokens into reserves. When this happens, it is beneficial because during market downturns it will prevent a downward spiral in price when users sell their tokens. Having more blocked $ FINS and $ JAWS will ensure that selling pressure is minimal.
The bond sales generate profits for the protocol, and the Treasury uses the profits to mint ATLAS and distribute them among the participants. By pegging liquidity, the protocol can accumulate its own liquidity through the issuance of ATLAS / BUSD LP.
Other details of the contract
An introductory document has been published on the site. It contains all information you need to work. There are answers to questions, rules of work and details of tokenomics.
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