# Introduction

**OrderNChaos(ONC)** is a twin system of algorithmic stable coins which borrows the idea of **Nirvana** on the Solana network, ONC protocol is implemented in solidity and can be run on any EVM compatible chains, it will first launch on the **Avalanche** network. ONC produces the $CHAOS token: an [algorithmic metastable token](https://docs.ordernchaos.finance/tokens/usdchaos#what-is-a-metastable-token) that serves as a store of wealth. And it produces the $ORDER token: a decentralized [superstable store of value](https://docs.ordernchaos.finance/tokens/usdorder#what-is-a-superstable-token).

It enables **zero liquidation-risk loans** of $ORDER that have a **negative interest rate**. You earn a yield on your debt. The way it accomplishes this is by transferring the volatile, speculative energy of the $CHAOS token into the backing for the superstable $ORDER token.

* **Concentrated liquidity**.  The `$ORDER` token bundles the diverse reserve of stablecoins, concentrating their fragmented liquidity into one token.  
* **Intrinsic value.**  OrderNChaos maintains a diverse basket of **reserve** assets that backs the value of `$CHAOS`.  At any point in time, `$CHAOS` has an intrinsic value guaranteed by the reserves.  The protocol will always buy `$CHAOS` back at its intrinsic value, and so this value becomes a **hard floor price** under which the token cannot trade.
* **Rising floor**. As the surplus reserves grow in value, the protocol algorithmically **increases the intrinsic value** of the token.  This increase is tantamount to raising the floor price.  In other words, `$CHAOS` holders enjoy **permanent gains**.  Once the floor price ratchets up, those gains are locked forever.
* **Sustainable APY.** Users are incentivized to **stake** their `$CHAOS` in order to gain periodic rewards.  The protocol mints pre-CHAOS (`$prCHAOS`) tokens at a regular interval, based on the total supply of $CHAOS.  These `$prCHAOS` tokens are shared with stakers in proportion to how much they have staked.  The result of repeated rewards creates compounding APY for stakers.
* **Higher-order stablecoin**. `$CHAOS` can be used as collateral for taking `$ORDER` loans.  The `$ORDER` token is a superstable currency that is fully collateralized 1:1 with the intrinsic (floor) value of `$CHAOS`.  Since `$ORDER` loans are priced at the floor value of `$CHAOS` (which can never be breached), there is **zero liquidation risk** for these loans.

The above implements the core functions same as Nirvana, however, we have **more thoughts on ONC**, please read

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[whats-the-difference](https://docs.ordernchaos.finance/overview/whats-the-difference)
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