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Statik

Statik STATIKPrice N/A

STATIK Price

N/A

General Info

Contracts/Explorers:

Avalanche C-Chain

Tags (Sub-Categories):

# Inactive

Description

STATIK is the name of the Thorus protocol stable coin and it represents a core asset of the whole platform

Statik (STATIK) Chart

Statik price Index provides the latest STATIK price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

ATH Market Cap

$ 3.43M

Total Supply

STATIK 107,313

All Time High

$ 1.11

24 Jun 2022


All Time Low

$ 0.309

23 Jan 2024

Trending Statik Fiat Pairs

What is Statik (STATIK)?

STATIK is the name of the Thorus protocol stable coin and it represents a core asset of the whole platform. How does it work:

  • The user deposits 1 USDC.e as collateral, using the platform UI.
  • Protocol mints 1 STATIK that the user needs to Claim.
  • Protocol deposits 0.8 USDC.e into the Treasury.
  • Protocol uses the remaining 0.2 USDC.e to market buy THO and deposits that into the Treasury as well.
  • When the user chooses to Redeem their collateral, they return STATIK (which gets burned - taken out of circulation) and receive USDC.e back.

STATIK is fully crypto-backed since 100% of its value in collateral will be redeemable at any time. However, it does not require overcollateralized on mint. STATIK will be minted using USDC.e 1:1.

Thorus is an all-in-one cross-chain DeFi Platform with an adaptable treasury system, and a token holder first approach.

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