DinoPool - the first DEER algorithmic-pegged token and a special DEER birthday present for a community with a mission to add value to the ecosystem.
All of the platform focus is on creating a true cross-chain algorithm stablecoin protocol with real use cases in the DeFi ecosystem.
Like a typical Tomb fork project, DinoPool follows a three-token model:
| 1. | DinoPool Token (DINOP). |
| 2. | DinoPool Share (sDINO). |
| 3. | DinoPool Bond (bDINO). |
The DAO fund — the second line of defense on top of the bond mechanism. The DAO Foundation is controlled by the developers and will later move to a governance system. This will allow voting on the use of funds in certain areas of the project and beyond, including investments, marketing, etc.
The Dino Pool Token is intended to be used as a means of trading. The stability mechanism, built into the protocol, attempts to keep $DINOP tied to 1 $DEER token in the long term.
When the price of $DINOP falls below the current market price (Peg) of DEER, token holders can purchase $sDINO and $DINOP will be burned to reduce the circulating supply when $DINOP tokens are redeemed at a 1:1 ratio. When the price of $DINOP exceeds the current market price (Peg) of $DEER, the supply of tokens must be increased. This will return it back to Peg, and the contract will allow $bDINO to be bought out.
DinoPool shares ($sDINO) — one approach to quantify the value of the Dino Pool protocol and shareholder confidence in its ability to keep $DINOP close to the peg. The protocol mints DINOP during the epoch expansion and distributes it equally among all $sDINO holders who have staked their tokens in the boardroom.