Energy($NRG) - Under-collateralized Stablecoin
Blog iconEntropyDAO
May 20
OverviewEnergy($NRG) is an under-collateralized algorithmic stablecoin of EntropyDAO. In order to ensure the circulation supply of $NRG can be steadily increased, remains under-collateralized, and most of the $NRG holders can redeem their $NRG back into $USDC at 99% of the time, a series of mechanisms have been created to ensure this can occur. These mechanisms are:Mint & RedeemBONDMint & Redeem provides a long-term stable primary market 1:1 exchange scenario. When the secondary market price ...

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