Debase (DEBASE)

$990,710  --
$0.03302977  0%
1.09E-5 ETH 0%
Market Cap:
Rank #4


Market Cap
24h Low / 24h High
Fully Diluted Valuation
Price Peg
24 Hour Trading Vol
Circulating Supply
3,639,381 / 32,165,906
Max Supply
Next Rebase

Debase Chart
Rebase Function:
As the demand for DEBASE tokens waxes and wanes, so does the supply. Assuming initial parameters, Debaseonomics protocolís rebase function queries a Uniswap v2 oracle to compare the price of Debase to DAI. This function cannot execute more than once every 24 hours. Note: Governance can vote on choice of the Oracle(s) as well as the rebase interval.

Assuming current parameters for DEBASE, if the price difference between DAI and DEBASE initially is more than 5% in either direction, this triggers a rebase event. Above the 5% threshold, the supply expands. Below the 5% threshold, the supply contracts. When a rebase event is triggered, DEBASE supply for all holders is adjusted smoothly in an attempt to meet the targeted value of DEBASE to its programmable DAI target price. For all accounts that own DEBASE tokens, a rebasing can either increase or decrease their balance. After a minimum of 24 hours, if DEBASE:DAI price is still not within the 5% target boundary, a rebase opportunity becomes available again.

Last Update: 2022-04-08 05:01:50 UTC


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