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DollarBalance.cash: It is a new type of peer-to-peer decentralized algorithm stable currency
It integrates ESD+BAC+USDX multiple stable currency solutions, integrates the excellent parts, removes the bad design, and adds Many new token stabilization mechanisms (algorithms) have been introduced, laying the foundation for the innovation of the next generation of stablecoins.
DollarBalance Bond (DBB) bonds with an unlimited supply of DBB. We refer to BAC's bond system, which is issued when the value of DBC is less than $1, and starts at a fixed time window in this epoch. Users can purchase DBB bonds at a discount (price^2, which is the square of the DBC price). DBC is destroyed on the spot, reducing the supply of DBC and increasing the price of DBC.
The DBB bonds held by the user can wait until the DBC returns to more than 1.05 US dollars, and then redeem the DBC at a ratio of 1:1 to obtain the double return brought by the bond discount and the rise in the DBC price. It should be noted that, with The ESD bond mechanism is different, and the DBB bond will cancel the expiration mechanism, which means it will be valid at any time in the future.
At the same time, we also refer to the bond limit mechanism of USDX. When the value of DBC is lower than 1 dollar in the epoch cycle, DBB bonds will be issued on demand. No additional bonds will be issued at $1.