Paprprintr Finance ICO 評価と詳細

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約 Paprprintr Finance

Project Details PAPR ecosystem, is an algorithmic stablecoin with new mechanisms. Those mechanisms are the first of their kind; never before implemented by any other project in DeFi. The goal for this unique stable token is not only to be an algorithmic stablecoin, but also to be the primary currency of the PAPR ecosystem.

It aim to connect DeFi with the real world. paprprintr at its core, is an algorithmic stablecoin driven by elastic expansion and burn. Inspired by Basis Cash and other predecessors, they have applied principles of those protocols and innovated our own new mechanisms that effectively maintains the $1 peg level.

HOW IT WORKS

When PAPR TWAP is over $1 for an epoch (6 hours) : A percentage of the total PAPR supply is minted. The minted PAPR is given to users who staked their PRNTR (shares) tokens depending on how many PRNTR they staked.
When PAPR TWAP is under $1 for an epoch :

PAPR minting is stopped. Instead, INK tokens (bonds) are available for sale. Users can buy INK with PAPR. For 1 INK bought, 1 PAPR is automatically burnt.
INK tokens can’t be redeemed when PAPR is under $1, but they can be sold at the price of PAPR² whenever PAPR goes back over $1. This is a premium mechanism incentivizing users to buy bonds and helping the price to get back above its peg. An autoburn is applied on PAPR sales, burning 100% of the rate in the process.