Monster Slayer Finance is an algorithmic stablecoin project designed to be used in games and NFTs. Stabilization – Implement minting best practices combined with a special stabilization fund to limit the impact of post-agricultural dumping. Utilize the three-token structure of the cash bond and the stabilization fund to achieve the peg to $1. MonsterSlayerFinance is an algorithmic synthesis platform: unlimited expansion, long-term sustainable development and decentralization.
The MSC token is intended to be used as a medium of exchange and is pegged to 1 USD in BUSD.
During the epoch extension (when the time-weighted average price of TWAP-MSC is above the fixed exchange rate of 1 BUSD), the protocol mints and distributes MSC proportionally to all Monster Slayer Shares that have staked their tokens inside the board (MSS) holders. When MSC's TWAP drops below $1/USD, Monster Slayer Bond (MSB) will be released and can be purchased with MSC at the prevailing price. MSS holders have voting rights and can create proposals to improve the protocol in the future as long as there is further incentive.