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Cryptocurrencies: 22109
Exchanges: 630
Market Cap: $$3.05T
24h Vol: $193.52B
Dominance: BTC: 59.4% ETH: 12.5%
ETH Gas: 29 Gwei
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Hotpot is an experimental protocol that mixes food memes, programmatic money, and crops. It has the following features:
An algorithmic monetary policy inspired by Basis and Carbon.money in search of ultimate price stability.
A fair, familiar issuance mechanism inspired by YFI, YAM, and SushiSwap.
Essentially, Hotpot implements a simplified version of an algorithmic bank: when the token price is above the target price, more tokens will enter circulation through accelerated staking rewards; when the price is below the target, the supply will be suspended increase, and there will be incentives to withdraw tokens from circulation in order to re-establish the price peg.