Pegs Cash
Pegs Cash was launched on January 11, 2021. It is a algorithmic stablecoins backed by a real asset, which is forked from Frax. Pegs Cash includes two tokens: PEGS and PUSD. PEGS is the governance token which accrues fees, seigniorage revenue, and excess collateral value. PEGS can enjoy 70% dividends of seigniorage and redemption tax in Pegs cash. PUSD is its stablecoin targeting a tight band around $1 with parts of its supply backed by collateral and parts of the supply algorithmic.
Pegs Cash was launched on January 11, 2021. It is a algorithmic stablecoins backed by a real asset, which is forked from Frax. Pegs Cash includes two tokens: PEGS and PUSD. PEGS is the governance token which accrues fees, seigniorage revenue, and excess collateral value. PEGS can enjoy 70% dividends of seigniorage and redemption tax in Pegs cash. PUSD is its stablecoin targeting a tight band around $1 with parts of its supply backed by collateral and parts of the supply algorithmic.
