ToxicDeer Finance - the first ecosystem to operate around an algorithmic token, pegged to USDC on the Cronos network.
ToxicDeer, Deer is an algorithmic stablecoin, pegged to the price of 1 USDC.
As such, DEER's supply and demand are balanced, which helps to maintain its peg to $1 in the long run.
ToxicDeer Finance — a multi-token protocol, consisting of the following three tokens:
| DEER | an algorithmic token, pegged to USDC. |
| XDSHARE | holders can claim DEER inflation as the network expands. |
| XDBOND | can be purchased when the network is in a state of contraction and can be exchanged for Deer when the network enters a deflationary phase. |
ToxicDeer (DEER) — an anti-deflationary and anti-inflationary crypto project, running on the Cronos network. It draws inspiration from BasisCash as well as its predecessors, Pegasus, Soup and Tomb Finance. The maximum total supply of XDSHARE is 100,000 tokens:
- 20,000 XDSHARE will be allocated to the DAO fund.
- 17,500 XDSHARE will be donated to the insurance fund.
- 12,500 XDSHARE will be allocated for development (marketing, audit, developer rewards, community engagement and other expenses).
The remaining 50,000 XDSHARE will help to stimulate liquidity providers.
Toxic Vaults — a feature that allows you to deposit money and watch it grow over time through interest. When interest accrues on your deposit, it increases, and when interest accrues again, it increases even more.