🪙$CASH

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 PSM. 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. Liquidations also happen in steps, saving more of your collateral and giving you more time to pay back.