PegasusDAO
PegasusDAO: The Reserve Currency Protocol & Investment DAO on Cronos Chain
All edits by Vesna Petrova
Edits on 31 Jan, 2022
Vesna Petrova
Edits made to:
Description (+74/-11 characters)
Article (+568 characters)
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PegasusDAO
Pegasus DAO
PegasusDAO: The Reserve Currency Protocol & Investment DAO on Cronos Chain
Article
PegasusDAO takes pride in being Cronos’ first decentralized reserve protocol. We’re a collaborative initiative led by a talented group of developers, community builders, and marketers.
Our reserve currency is called $SUS, a free-floating currency that’s backed by the assets that are held in the PegasusDAO Treasury (USDC). The protocol is always backed by 1 USDC, so the price of $SUS will never trade below $1. Similar to the the popular Olympus framework, staking and bonding have been implemented to ensure parabolic growth in Treasury assets alongside $SUS supply.
Table
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