The mechanics of the SAFUU model
A rebase (or price-elastic) token is designed in a way that the circulating token supply adjusts (increases or decreases) automatically according to a token’s price fluctuations.
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How SAFUU Protocol is Aiming To Make DeFi More Scalable and Sustainable
thenewscrypto.com
5 ideas
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IDEAS CURATED BY
Interesting new mechanism brought to market by SAFUU, I would stay away for a while until proved due to close enough resemblances with the Terra ecosystem, but one might just need a deeper dive into these mechanics to make a decision.
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Making the future of DeFi sustainable and stable
Key to maintaining sustainability despite the high APR is Safuu’s Fire Pit , which is a buyback-and-burn contract that reduces the circulating supply of $SAFUU tokens. According to the company’s website, 2.5% of all $SAFUU traded are burnt in the Fire Pit.
What Makes Terra Unique?
Terra stablecoins offer seamless cross-border value exchange and instantaneous swaps between one another, all while employing instant settlement and extremely low fees for use by anyone, anywhere.
- Terra seeks to set itself apart through its use of fiat-pegged stablecoi...
How Many Terra (LUNA) Coins Are There in Circulation?
It has a circulating supply of 400 Million LUNA coins but unlimited supply and it might be very risky to invest money in this kind of projects.
If you are looking to buy or sell Terra, Bitfinex is currently the most active exchange.
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