Elastic Supply Protocol
Liquid Supply
Dollar
Take the coin for elastic money.
LSD, after £sd: librae, solidi, denarii, the money of Sherwood's England. Also the other thing. A dollar that reprices its own supply, with a treasury floor anyone can redeem against.
epoch
—
next in
—
lsd price
—USDG
status
reading…
the floor
Every LSD can be burned for its pro-rata slice of the treasury, with no oracle and no queue. That redemption value is a floor under the price, and it rises each epoch as bonds and swept fees flow in.
reading the chain…
Supply
LSD supply
—
LSDS bonded
—
Total debt
—LSD
Coupons
—
activity
- Waiting for the first epoch…
Spoils
Your LSD, and what the Coffer owes it.
The Band
Stake LSD with the band, earn every expansion.
Quivers
Fill a quiver: pair LSD with cash or a stock, earn LSD.
Pledges
Pledge cash or stocks to the Coffer for discounted LSD.
Trade
Buy or sell LSD against the pool.
Tallies
Cut a tally: burn LSD under the peg, collect in expansion.
The Watch
Supply, debt and what the oracle sees.