ESD: Decentralized Stablecoin.

Stablecoins have been a great way to hedge your money during the event of corrections & are designed to hold the value of 1.00.

Im here to tell you about ESD and how it’s a great way to continue making profits during a bear market or during corrections.

Esd is described as an elastic stable coin.
When the Twap (total weighted average price) of esd Is above 1.00 the protocol will go into expansion similar to an Ampleforth rebase. Everyone that has esd bonded in the dao or liquidity pools on Emptyset.Finance will be rewarded with newly minted esd up to 9% a day. The only reason you would not get any rewards is if the twap was under 1.00 and the protocol acquired debt.

Debt Explained:

When ESD falls under 1.00 it starts to generate debt. The protocol must contract to meet demand to push the price back to peg (1.00) 

These contractions are self voluntary and come with risk/reward through a coupon system. You can burn your esd, decreasing supply for a premium once the protocol brings the price back past 1.0

Lets say the protocol has generated debt every 8 hours for a few days and the  premium on coupons rises to 35%. You can burn 10,000 esd and once it goes back to expansion coupon holders are paid back before dao/lp rewards and you would end up having 13,500 esd, a net profit of 3,500 helping ESD return to 1.00

Its a very interesting design that is completely decentralized and governed by the dao. Anyone with a certain percentage of esd can generate proposals to be implemented to the protocol.

You can keep track of your stats either on the empty set website or on a user made Esd.Tools

If you would like to know more please join the discord or telegram via the emptyset.finance website provided above.

Its time to make your dollars count.