- Nacho Finance was inspired by tomb.finance and is a seigniorage style algorithmic stablecoin protocol designed to bring high APRs, with low fees, to Ethereum holders on the Polygon Network.Nacho Finance is a multitoken protocol that consists of the following three tokens: Nacho Token NACHO Medium of exchange Nacho Shares NSHARE Governance & Measure of protocol value Nacho Bonds NBOND Change NACHO supply during contraction periodsThe NACHO algorithmic token serves as the backbone of our growing ecosystem aimed at bringing high APRs to ETH holders on the Polygon Network. - The protocols underlying mechanisms dynamically adjust NACHOs supply, pushing its price up or down relative to the price of ETH in order to keep NACHOs peg to the ETH price.NACHO Shares NSHARE are one of the ways to measure the value of the NACHO Protocol and shareholder trust in its ability to maintain NACHO close to peg. - During epoch expansions the protocol mints NACHO and distributes it proportionally to all NSHARE holders who have staked their tokens in the Bowl.Additionally, NSHARE holders have voting rights governance on proposals to improve the protocol and future use cases within the NACHO money ecosystem.NACHO Bonds NBOND main job is to help incentivize changes in NACHO supply during an epoch contraction period..
Summary of the coin Nacho Finance
highest price statistics: 26.12 $USD
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Study the exchange market information. Nacho Finance
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