WENWEN Protocol takes inspiration from the central bank model in the real financial world. It attempts to design a protocol that stabilizes the stablecoin's peg rate through open market operations (market-making) via a simple and effective "algorithm-central bank model. The WENWEN Protocol integrates the central bank model with a variety of innovations, including the protocol-controlled value (PCV), dual token system, and multi-stablecoin pairs.
PCV: Utilizing the central bank model does not imply centralization. Instead, the protocol's smart contracts control all funds raised in the vault during the genesis period, including the initial tokens issued. The Protocol Controlled Value (PCV) is only used to add liquidity and stabilize the price, which cannot be taken out of the vault.
Dual token system: WENWEN Protocol will issue WENWEN stablecoins pegged to different fiat currencies for users' convenience. Currently, the protocol has issued three stablecoins, namely the USDN, JPYN, and EURN, which are pegged to the US dollar, Yen, and Euro, respectively. Over time, more currency pairs will be issued depending on the community demand.
Variety of stablecoins: In addition to the stablecoins, WENWEN Protocol has also issued a governance token, SHAREN, which is the non-stable token in the protocol. The WENWEN stablecoins have similar characteristics to convertible bonds, while SHAREN has identical attributes to convertible shares. Holders of the tokens can claim pro-rata rewards. For example, if the USDN price is higher than $1, holders of the SHAREN will receive USDN rewards. If the USDN price is less than $1, holders of the USDN will receive SHAREN rewards. Therefore, the reward mechanism will also create additional arbitrage opportunities, where users can choose which tokens to trade and hold based on the price deviation. Thereby this mechanism also promotes the stability of the stablecoin's price.
The ultimate goal of the WENWEN Protocol is to provide a highly scalable, decentralized algorithmic currency without collateral.

WENWEN SHAREN

Trust Wallet

MetaMask

Ethena

Panda Swap

Notcoin

Meme Ai

Pepe

BEERCOIN

Niza Global

CatCoin

Bitcoin

Shiba Inu

MOBOX

Param

Turbo

Ethereum

NvirWorld

Mumu the Bull

Solana

Orange

Cross The Ages

Bonk

FLOKI

dogwifhat

Big Time - CDP LHS1 (Desktop Only) 2024

Bullish CDP LHS1 May Campaign

Bc.game CDP LHS1 Banner

Big Time - CDP LHS2 (Desktop Only) 2024

Uphold CDP LHS2 May campaign

BitGet CDP LHS2 May campaign

Bc.game Search bar banner

ChainGPT CDP Community

Solidus Ai Tech - Portfolio Page

Bc.game Dexscan Banner

KuCoin India Homepage campaign

KillerWhales homepage 24May

Greed

Extreme fear

Fear

Neutral

Extreme greed

 🔥 Memes

 🔥 Solana Ecosystem

 🔥 Gaming

 🔥 AI

Prix WENWEN SHAREN
SHAREN

WENWEN SHAREN community

Actus WENWEN SHAREN

À propos de WENWEN SHAREN

Cryptomonnaies les plus consultées

Tendances