Elastic supply tokens in smiple terms
IntroductionElastic supply tokens have a changing supply in circulation, adjusting to maintain a target price instead of experiencing price volatility. This is achieved through events called rebases. Imagine if Bitcoin's protocol could change the number of bitcoins in wallets to maintain a specific price. Elastic supply tokens work similarly, adjusting the circulating supply according to the token's price through a mechanism called rebasing. How do elastic tokens work? Elastic suppl...
Elastic supply tokens in smiple terms
IntroductionElastic supply tokens have a changing supply in circulation, adjusting to maintain a target price instead of experiencing price volatility. This is achieved through events called rebases. Imagine if Bitcoin's protocol could change the number of bitcoins in wallets to maintain a specific price. Elastic supply tokens work similarly, adjusting the circulating supply according to the token's price through a mechanism called rebasing. How do elastic tokens work? Elastic suppl...
