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    • 🤟What is Phase?
    • ⚠️Acknowledgments
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  • Vaults
    • 🏦Yield on Collateral
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  • CASH Stablecoin
    • 🪙$CASH
    • 🔁PSM
    • 🏗️Vault Structure
  • Liquidation
    • 📠Math behind Liquidations
    • 🤩Become a Liquidator
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  1. CASH Stablecoin

$CASH

PreviousCredit AccountsNextPSM

Last updated 1 year ago

The tokenomics for the CASH stablecoin are pretty simple and straightforward. CASH can only exist by either being backed by collateral in vaults or being burnable for a fixed premium in the . The backing nor the price of CASH is not algorithmic. To supplement borrowers having to lock in extra collateral value compared to the value of the received CASH, the protocol allows people to deposit their locked collateral into one-sided first- and third-party yield sources. also happen in steps, saving more of your collateral and giving you more time to pay back.

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PSM
Liquidations