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ToxicDeer Finance

ToxicDeer Finance

The protocol is designed to expand and contract supply similar to the way central banks trade fiscal debt to stabilize purchasing power, without any rebases or collateral risk.

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ToxicDeer Finance, the first ecosystem running around an algorithmic token pegged to USDC on Cronos chain. Inspired by the most successful algorithmic stablecoin on Fantom: Tomb, and the most prominent algorithmic token project on Cronos: ToxicDeer, Deer is an algorithmic stablecoin pegged to the price of 1 USDC via seigniorage.

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