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DeFi
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ChargeDeFi is a combination of an Algorithmic Stablecoin with rebase mechanics
ChargeDeFi is a combination of an Algorithmic Stablecoin with rebase mechanics. As long as the value of STATIC is above $1.01 the ecosystem expands, minting more STATIC. Investors who stake Charge or STATIC-BUSD LP tokens receive part of this expansion. If STATIC drops below $0.8, or if STATIC is below its $1.0 peg for more than 6 Epochs (8 hours per epoch) STATIC rebases. Lowering the number of tokens in circulation until the value of STATIC is at $1.0 again.
The core ecosystem consists of the following three tokens:
Taboo Token
$ 0.00176
Merlin Chain
$ 1.11
Next Gem AI
$ 0.0169
Axie Infinity
$ 7.07
Hooked Protocol
$ 0.953
The Sandbox
$ 0.444
WEN
$ 0.000239