10mb Finance - an algorithmic stablecoin protocol, pegged to 1/10 USDC on the Cronos network.
About 10mb Finance
At 10mb Finance, the Tomb seigniorage system and the Iron Finance fractional collateral system work in parallel. The 10SHARE token - the governance token of both systems, and both systems should reinforce each other. This eliminates Tomb's shortcoming, as the buyback system provides a direct incentive to buy. It also eliminates the downside of Iron Finance, as a single 10SHARE pool gives out 10MB, making it an internal source of value.
Therefore, its price should not fall to absolute zero, as happened with Iron Finance's Titan token. In addition, the 10SHARE TWAP period has been set to 45 seconds, as opposed to the 10-minute period, used by Iron Finance, so the repayment system should remain effective under all market conditions.
10mb Finance has dual binding mechanisms, working in parallel:
| 1. | Seigniorage, like in Tomb Finance and Dark Crypto. |
| 2. | Fractional collateral, like in Frax and Iron Finance. |
With this dual binding mechanism, 10SHARE has two separate feature sets. As part of the seigniorage system, the 10SHARE single pool issues 10 MB tokens. Under the Fractional Collateral System, 10 SHARE is required to mint 10 MB and is rewarded for redemption.
Since the 10SHARE pool is issuing 10 MB, it will have an internal source of value and should not fall to zero, as happened with the Iron Finance Titan token. In addition, the mint and ransom cycle should enhance the tomb system's ability to reattach.
Betting on NFTs
10mb Finance is the first fork of Tomb as well as the first fork of Iron Finance to increase returns with NFT staking. Raise amount: 3% NFT up to 5 NFT per pool. All NFTs must be placed in the pool before funds can be deposited into the wallet. NFTs cannot be staked or canceled while the wallet has coins in the pool. The only staking NFTs still being minted are Cronos Zealous Zelenskyys.