USD
A new type of world, a new type of wealth... The Sybian Dollar ($USD) is the culmination of the financial experiment of the 21st century to create a perpetual dominant global currency. $USD is the true mechanics of the US DOLLAR, but programmed on-chain to meet the following tenets:
1 - Perpetual. $USD is designed to go on and on without dev. Once keys are burned, the monster is fully decentralized and unstoppable.
2 - Consistently reducing supply. All USD not protected in the BANK will slowly erode away block by block. Every block %xx.00 of USD will magically disappear from all wallets, so if you do nothing, then before long your USD will go to nothing.
3 - Constantly inflating supply. To match the erosion, the USD also inflates and prints supply, giving more USD block by block to those protected in the BANK.
There are two types of banks:
The $USD supply decreases by XXX% per block...
Iron Bank will accept single-sided staking. It will fully protect your $USD from any debase. The Iron bank locks your $USD for 7 days.
The other bank only protects your $USD by rewarding you newly printed $USD faster than the debase mechanism.
10 million $USD is printed per block. The Cryptographic Bank earns you 9/10 of the rewards by staking USD/ETH LP on Uniswap V2.
NOTE: If no actions taken on your vault, locks expire at day 3. You get a 24 hour grace period to 1) re-lock 2) withdraw if no actons taken, MEV can KICK you out of the vault for a 10% tax.
Statistic
