Unilord

Recent DeFi trends draw inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a digital ledger of transactions, meaning a single, central source doesn't control it. This is important because centralized systems and human gatekeepers can limit transactions' speed and sophistication while offering users less control over their money. DeFi is distinct because it expands on blockchain technology from a simple value transfer method to more complex financial use cases. The total value locked in the DeFi sector has grown to over $35 billion compared to $1 billion in early 2020. This proves DeFi’s scalability and shows its capability of continued growth.While the DeFi sector has managed to outperform crypto in general over the long term, it comes at the cost of high volatility. Top 10 (Marketcap) DeFi cryptocurrency's average volatility during the last few months is over 90 percent, meaning the value of these cryptocurrencies has risen and or fallen 90 percent over the year. Volatility is not a prediction. However, it is a measure of how sharply prices tend to fluctuate.
 LORD is an algorithmic stable coin aiming at a tight band of 1$. LORD can only be minted when PEER is burned or locked. LORD minting ratio is 1:100, meaning that when 100 PEER is locked or burnt, one single LORD minting is executed in the system. LORD is a stable coin backed by collateral with a systematic supply algorithm. When LORD is being traded above its initial pegged value, the collateral amount will be removed to match the target value. When LORD is being traded at under its initial pegger value, the collateral amount will correspond with the target value.