The volatile, yield-bearing metastable token
The native store of wealth produced by ONC is the
$CHAOStoken. It is a partially collateralized, volatile metastable token. The price of
$CHAOSis limited by a rising floor, backed by a diversified basket of stablecoins. The effect is that
$CHAOScan trade above the floor, but can never trade beneath the floor. It has limited downside, but unlimited upside.
$CHAOSgenerates yield through staking rewards. Holders of
$CHAOSmay choose to stake it with the protocol and earn regular
$prCHAOSreward tokens. These
$prCHAOStokens are options to buy additional
$CHAOSat the current floor price. Realizing
$prCHAOStokens to purchase more
$CHAOSthat gets staked creates a compounding APY, where the rewards are re-invested into the user's principal.
ONC coined the term metastable token to denote a kind of financial instrument that is better than -- or beyond -- stable. The
$CHAOStoken has a floor price which it will never go beneath, but it has unlimited upside. It has at least the inherent value of a stable coin.
Secondly, the ONC protocol tunes the bandwidth of prices that the currency tends to trade within. It is "stable" to a certain degree. The
$CHAOStoken is dynamic & volatile within bounds, which provides the necessary amount of dynamism to generate profit.