RUG Price Statistics
|24h Trade Volume|
|Total Supply||RUG 8,198|
R U Generous is a decentralized reserve currency protocol available on the Avalanche Network listed with the ticker RUG. RUG is currently backed by AVAX and MIM in the treasury, which provides intrinsic value. RUG utilizes economic and game-theoretic dynamics into the market through staking and minting.
Staking is the primary value accrual strategy for Rug. Stakers stake their RUG tokens on the Rug Website to earn rebate rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of RUG staked in the protocol and the reward rate set by monetary policy.
Bonding is the secondary value accrual strategy of Rug. When users bond RUG tokens, they are actually selling their assets in order to buy a bond from the protocol. Bonding Actions are a cross between a fixed income product, a futures contract, and an option. The protocol quotes the bonder with terms for a trade at a future date.