Avalanche Ecosystem

Snowbank DAO is the decentralized reserve currency protocol available on the Avalanche Network based on the SB token. Each SB token is backed by a basket of assets (e.g., MIM, SB-AVAX LP Tokens, etc) in the Snowbank DAO treasury, giving it an intrinsic value that it cannot fall below. Snowbank DAO also introduces economic and game-theoretic dynamics into the market through staking and minting.&nbsp;Snowbank DAO is a fork of Olympus on the Avalanche Network.There are two main strategies for market participants: staking and minting. Stakers stake their SB tokens in return for more SB tokens, while minters provide LP tokens or MIM tokens in exchange for discounted SB tokens after a fixed vesting period.

Snowbank

Snowbank is a decentralized reserve currency that remains unbound by a peg

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