Currencies33244
Market Cap$ 3.44T+1.94%
24h Spot Volume$ 91.94B-0.91%
DominanceBTC59.84%-1.23%ETH8.28%+3.05%
ETH Gas2.91 Gwei
Cryptorank
MainCurrenciesR U Generous
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R U Generous

R U Generous RUGPrice N/A

RUG Price

N/A

General Info

Contracts/Explorers:

Avalanche C-Chain

Explorers

Tags (Sub-Categories):

# Inactive

Description

R U Generous is a decentralized reserve currency protocol available on the Avalanche Network

R U Generous (RUG) Chart

R U Generous price Index provides the latest RUG price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

Total Supply

RUG 8,198

All Time High

$ 1,874

23 Nov 2021


All Time Low

$ 282.62

26 Nov 2021

Trending R U Generous Fiat Pairs

What is R U Generous (RUG)?

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. 

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