Gaur Money holds the first algorithmic token,, pegged to $ETH on the Cronos network. Gaur.Money was inspired by Tomb Finance, a popular FTM project whose token is pegged to Fantom (FTM).
About the Gaur Money project
The $GAUR algorithmic token serves as the backbone of a rapidly growing ecosystem, focused on providing liquidity and new use cases for the Cronos network. The mechanism behind the protocol dynamically adjusts the supply of $GAUR, raising or lowering its price, relative to the price of $ETH.
Inspired by the original idea of Tomb Finance as well as its predecessors (Basis, bDollar and Soup), Gaur.Money is a multi-token protocol that consists of the following three tokens:
| 1. | Gaur ($GAUR). |
| 2. | Gaur Shares ($GSHARE). |
| 3. | Gaur Bonds ($GBOND). |
Gaur.Money believes in the potential of Cronos and has chosen to combine its mission with both: provide value and capitalize on the future growth of $ETH.
One of the main disadvantages of past algorithmic tokens was the lack of use cases, leaving users with no good reason to use or hold them. In order to maintain the peg in the long term successfully, the GaurMoney team will focus on innovation, related to advanced features and use cases.
Buy $GAUR and pair it with $ETH to provide liquidity and stake your GAUR-ETH LP tokens on the farm to earn $GSHARE rewards. Take your $GSHARE rewards and wager to earn GAUR inflation rewards. Sell half of your earned $GAUR for $ETH and fuse it back into GAUR-ETH LP.
More about defi app
50/50 — the method that works best to ensure the stability of both the platform and your underlying investment. By boosting liquidity, the 50/50 strategy reduces price volatility and helps $GAUR to stay above the peg longer to keep boardrooms printing. This, in turn, attracts new investors and supports the growth of the ecosystem.
Because $GAUR follows the price of $ETH, LP GAUR-ETH is akin to holding $ETH in your wallet, minus the high APR interest rate bonus. In other words, if you are optimistic about $ETH price action, LP GAUR-ETH is the way to keep access to this one asset and also get high APRs.