🌈Introduction
Welcome to Poseidollar - the first algorithmic stablecoin pegged to $USDC running on the Sui Network. Inspired by many algorithmic stablecoin protocols, Poseidollar is a multi-token protocol that consists of three tokens:
PDO - PoseiDollar: the algorithmic stablecoin
PSH - Poseidollar Shares: Shares, which holders can claim PDO inflation when network expands
PBD - Poseidollar Bond: Bond, which can be purchased when network in contraction to earning profit.
Poseidollar is an associated product of Sacabam, and we fully endorse algorithmic and DeFi in general. However, it's important to note that Poseidollar is an experimental project, and participants are encouraged to familiarize themselves with the concept of seigniorage to mitigate any potential risks.
Use at your own risk. This product is perpetually in beta.
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