Midas Dollar

Midas Dollar

Created using Figma
Created using Figma
Decentralized Stablecoin with an Algorithmic Central Bank
To be announced
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About Midas Dollar

Midas Dollar Protocol is designed by the Midas Protocol team as the algorithmic stablecoin on Binance Smart Chain. Midas Dollar is an innovative solution that can adjust its supply deterministically to move the price of the token in the direction of a target price to bring programmability and interoperability to DeFi.

One of the biggest issues of all current algorithmic stablecoins right now is utility. We are glad that MDO has use-cases right away.

Inspired by Basis and its predecessors (Empty Set Dollar and bDollar), Midas Dollar is a multi-token protocol that consists of three tokens: MDO (the algorithmic stablecoin), Midas Dollar Shares (or MDS, which holders can claim MDO inflation when the network expands), and Midas Dollar Bonds (or MDB, which can be purchased at 1:1 rate when the network is in contraction and can be redeemed with premium for MDO the network returns to its inflationary state, above the $1 peg).

Activity

Followers:
5 901
HIGH
Tweets:
258
MEDIUM
30 Days Growth:
343
Members:
6 724
HIGH
30 Days Growth:
-232
Alexa

Rank:
44 798
VERY HIGH
Delta:
0
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