OrderNChaos
  • Overview
    • Introduction
    • What's the Difference
    • Quick Start
  • project launch
    • Genesis Launch Auction(GLA)
    • Roadmap
  • mechanics
    • Pricing Curve(vAMM)
    • Staking Rewards($prCHAOS)
    • Zero Risk Loans ($ORDER)
    • Stableswap(Coming soon)
    • NFT Magic Power(Coming soon)
  • Tokens
    • $ORDER
    • $CHAOS
    • $prCHAOS
  • More
    • Addresses
    • Token allocation
    • Fees
    • Risks
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  1. Tokens

$CHAOS

The volatile, yield-bearing metastable token

Previous$ORDERNext$prCHAOS

Last updated 3 years ago

The native store of wealth produced by ONC is the $CHAOS token. It is a partially collateralized, volatile metastable token. The price of $CHAOS is limited by a rising floor, backed by a diversified basket of stablecoins. The effect is that $CHAOS can trade above the floor, but can never trade beneath the floor. It has limited downside, but unlimited upside.

$CHAOS generates yield through staking rewards. Holders of $CHAOS may choose to stake it with the protocol and earn regular $prCHAOS reward tokens. These $prCHAOS tokens are options to buy additional $CHAOS at the current floor price. Realizing $prCHAOS tokens to purchase more $CHAOS that gets staked creates a compounding APY, where the rewards are re-invested into the user's principal.

What is a "metastable" token?

ONC coined the term metastable token to denote a kind of financial instrument that is better than -- or beyond -- stable. The $CHAOS token 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 $CHAOS token is dynamic & volatile within bounds, which provides the necessary amount of dynamism to generate profit.