High Liquidity Price Pegged Token Algorithm

Today I introduce a new token pegging algorithm that provides high liquidity and narrow spreads, while being robust against default in the event collateral loses value over time. The basis of our algorithm is a heavily over-collateralized short position combined with the Bancor algorithm to provide liquidity to both long and short positions. A price feed is utilized to guide the market, but its influence is…

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Daniel Larimer

Daniel Larimer

8.4K Followers

Cofounder of Block.one, Steemit.com, BitShares.org, and author of More Equal Animals — the subtle art of true democracy.