Debase (DEBASE)

$350,599  --
$0.096335  0%
2.761E-5 ETH 0%
Market Cap:
Rank #8
Website:
Dashboard:
Contract:

0x9248c485b0b80f76da451f167a8db30f33c709070x9248c485b0b80f76da451f167a8db30f33c70907

  
Market Cap
$350,599
24h Low / 24h High
$0.096335/$0.096335
Fully Diluted Valuation
$3,098,694
Price Peg
1 DAI
24 Hour Trading Vol
$0
Circulating Supply
3,639,381 / 32,165,906
Max Supply
32,165,906
Next Rebase


Debase Chart
Rebase Function:
As the demand for DEBASE tokens waxes and wanes, so does the supply. Assuming initial parameters, Debaseonomics protocolís rebase function queries a Uniswap v2 oracle to compare the price of Debase to DAI. This function cannot execute more than once every 24 hours. Note: Governance can vote on choice of the Oracle(s) as well as the rebase interval.

Assuming current parameters for DEBASE, if the price difference between DAI and DEBASE initially is more than 5% in either direction, this triggers a rebase event. Above the 5% threshold, the supply expands. Below the 5% threshold, the supply contracts. When a rebase event is triggered, DEBASE supply for all holders is adjusted smoothly in an attempt to meet the targeted value of DEBASE to its programmable DAI target price. For all accounts that own DEBASE tokens, a rebasing can either increase or decrease their balance. After a minimum of 24 hours, if DEBASE:DAI price is still not within the 5% target boundary, a rebase opportunity becomes available again.

Last Update: 2021-09-19 19:17:04 UTC

 

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