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NACHO Shares is one of the ways to measure the value of the NACHO Protocol and shareholder trust in its ability to maintain NACHO close to the peg
NACHO Shares is one of the ways to measure the value of the NACHO Protocol and shareholder trust in its ability to maintain NACHO close to the peg. During epoch expansions the protocol mints NACHO and distributes it proportionally to all NSHARE holders who have staked their tokens in the Bowl.
NSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the NACHO money ecosystem.
Nacho Finance has been inspired by tomb.finance. Tomb runs on the Fantom blockchain and is pegged to 1:1 to the price of FTM. Tomb Finance has been a great success and our team realized the need for an algorithmic stable coin pegged to ETH on Polygon.
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