Empty Set Dollar — an algorithmic stablecoin, designed to be the reserve currency of decentralized finance.
Contents:
Description of the Empty Set Dollar
Empty SetDollar has an open and democratic chain management infrastructure. In addition to managing at the protocol level, ESD has a treasury that receives 2.5% of all supply extensions.
Some features:
| Stable | ESD takes an algorithmic approach to maintaining price stability around the 1 USDC target. This approach relies on a well-functioning incentive mechanism to reward actors that contribute to stability under the protocol. |
| Reliable | Even with a dynamic power system, the empty set of dollars adheres to the ERC-20 token standard. This allows it to work seamlessly in a decentralized financial infrastructure and reduces the likelihood of unforeseen errors. |
| Decentralized | From the very first day, Empty SetDollar had fully decentralized chain management. In addition, the protocol was launched with 0 initial deliveries and no pre-mining for the anonymous founding team. |
The Empty SetDollar protocol was developed by using elements from numerous existing protocols to create a balanced protocol that avoids the pitfalls of other protocol designs.
During periods of volatility, the usefulness of the token can become smaller. However, as the protocol matures, volatility will decrease, increasing its usefulness.
Additional information
The developers provide a separate document, describing the features of the work, as well as with answers to questions.
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Smart contract audit is not available.