Terraswap
Altered is an oracle acting as a tracker, prices are driven by the market but synthetics are elastic tokens and always go in the right direction after a rebase, price of synthetic can be queried by third parties contracts comparing Dex trading price and rebase sponsor price.
Altered is designed to mix the elastic supply (eg. Ampleforth) with the creation of Synthetics Tokens and Derivatives (eg. UMA), all this managed by a DAO.
This project contributes to the evolution we planned for LoTerra, by offering a space dedicated to games on Terra but also for the benefit of all projects.
Synthetic tokens are guaranteed tokens [CW-20] whose value fluctuates according to the token's benchmark. These tokens have 4 characteristics:
