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Nirvana ANA

Nirvana ANA ANAPrice N/A

ANA Price

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General Info

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Description

Nirvana is a twin system of algorithmic wealth & ultra low-risk stablecoin on the Solana network

Nirvana ANA (ANA) Chart

Nirvana ANA price Index provides the latest ANA price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

Total Supply

ANA 1,032,297

    All Time High

    $ 19.21

    18 Apr 2022


    All Time Low

    $ 0.0126

    25 Mar 2024

    Trending Nirvana ANA Fiat Pairs

    What is Nirvana ANA (ANA)?

    Nirvana is a twin system of algorithmic wealth & ultra low-risk stablecoin on the Solana network. It produces the ANA token: an algorithmic metastable token that serves as a store of wealth. And it produces the NIRV token: a decentralized superstable store of value. It enables zero liquidation-risk loans of NIRV that have a negative interest rate. You earn yield on your debt. The way it accomplishes this is by transferring the volatile, speculative energy of the ANA token into the backing for the superstable NIRV token.

    Nirvana maintains a diverse basket of reserve assets that backs the value of ANA. At any point in time, ANA has an intrinsic value guaranteed by the reserves. The protocol will always buy ANA back at its intrinsic value, and so this value becomes a hard floor price under which the token cannot trade. Users are incentivized to stake their ANA in order to gain periodic rewards. The protocol mints pre-ANA (prANA) tokens at a regular interval, based on the total supply of ANA. These prANA tokens are shared to stakers in proportion to how much they have staked. The result of repeated rewards creates compounding APY for stakers.

    ANA can be used as collateral for taking NIRV loans. The NIRV token is a superstable currency that is fully collateralized 1:1 with the intrinsic (floor) value of ANA. Since NIRV loans are priced at the floor value of ANA (which can never be breached), there is zero liquidation risk for these loans.

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