Lilith Cash is an innovative algorithmic stablecoin pegged to $1. Lilith Cash Protocol adopts an innovative mechanism that relies entirely on the market. On the basis of traditional algorithmic stablecoins, it adds basic value and repurchase and destruction mechanisms, and transparently executes algorithms on smart contracts. The supply of money is completely determined by demand, so , the whole design ensures that users are willing to hold without worrying about hyperinflation, while maintaining purchasing power. Our sole motivation is to bring Lilith Cash Protocol into the world and serve its community to make Lilith Cash a widely adopted decentralized stablecoin.
Lilith Cash Bonds ($LLB). When the price ($LLC) < 1 USD, the system issued to buy back Lilith cash. Bonds are sold at a discount to $LLC and redeemed for 1 $LLC when the price ($LLC) normalizes to $1.