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Conclusion
VADER is an incentivised, governance-minimal and cohesive liquidity protocol that can scale itself sustainably. A stablecoin is issued by burning VADER, which itself is priced against a TWAP across multiple pools. This stablecoin is the settlement asset in all of its liquidity pools. Liquidity providers are entitled to Impermanent Loss protection whilst they are in the pools. Daily liquidity incentives go towards purchasing Protocol Owned Liquidity for long term sustainability.
Last modified 2yr ago