OBOL is a PEGLESS token and a part of Based Next Gen (v2), which is a multi-token protocol. Based Next is a continuation of the successful seigniorage protocol BASED Finance. Being a product of research and innovation, Obol looks solve the algorithmic token problem by moving to a pegless model that relies on Market forces and value added mechanics for price determination.

The protocol’s new Perpetual Print mechanism will mint OBOL no matter the relative price. OBOL has elastic supply feature embedded in it, which means it will be constantly burned and minted as desired to keep healthy growth and reduce unnecessary expansion! Note that OBOL is not pegged to any asset.