What are Algorithmic Stablecoins (Algo Stablecoins) Stablecoins are tokens pegged to the price of a certain asset; for example, the price of 1 US dollar. There are many ways to achieve the desired peg. Algo stablecoin is a sub-category of stablecoins that maintain the $1 peg algorithmically. Specifically, Algo stablecoins are a category of stablecoins that…

This is Part 1 in a series of three articles explaining Stabilizer Pool 4 (SP4). The goal of SP4 is to build an algo-stable asset with collaterals and supporting expansionary policy with real asset-backed inflation. In this article, we will specifically discuss: Problems faced by algo-stables today Capital efficiency for stable coins Operational Mechanism of SP4 Risk management model of SP4 Why this modular monetary policy is chosen

The basic design of SP2 revolves around the notion of allowing people to buy coupons (d-bills) when Debase goes into a contraction (Epoch TWAP below the stability range; <0.95 under current settings, Epoch time: 24 hours) so they can earn a premium in Debase on those coupons bought when Debase…

Imagine a simple staking pool that gives out rewards in tokens T to liquidity providers (LPs) of pair L. Its goal is to distribute T while maximizing consistent liquidity in pair L. Here is the pedestrian routine: Fork the infamous Synthetix code for staking pools, set a static reward rate…

We are happy to announce that randomness in Debase is now being provided by the Chainlink Verifiable Randomness Function (VRF) on mainnet. We are happy to announce that randomness in Debaseonomics is now provided by Chainlink VRF on mainnet, a move directly in line with our commitment to decentralization, security…

In this article, we explain our stabilizer pool design and introduce Debaseonomic’s first governance partner. Stabilizer pools (s-pools) are a central idea in Debaseonomics which allows for external stabilization of DEBASE and solves the problems faced by current algorithmic stable coins. …

Stabilizer pools (s-pools) are an innovation in Debaseonomics that aims to solve the issues plaguing elastic supply tokens. One of the major issues is that supply change in of itself is often not sufficient to guarantee price stability of token. Therefore, the main aim of these pools is to stabilize…

Defining Decentralization Decentralized finance (DeFi) refers to the mapping of (usually) traditional financial operations to blockchain functionality. In general, decentralization is a hard concept to pin down in abstract definitions; it can have no ideal mathematical formulation that is agnostic to underlying sociocultural realities. …

Although Debase is designed to overcome some of Ampleforth’s core limitations, it is indebted to Ampleforth for the idea of an elastic supply change mechanism. This mechanism allows Debase’s supply to be changed according to the current market demands. That is, when demand is high more coins can be minted…