Absorber Protocol priceABS $0.05483

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About Absorber Protocol

The Absorber Protocol is an innovative community-managed and community-owned DeFi project. Not only is it a currency but it's also a store of value with utility and security. As a yield farming token, it eliminates the need to interact with any contract. This means no impermanent losses to those who hold it. There are also no fees to claim any rewards which are automatically doled out. By design, it's also deflationary, with an ever-reducing supply. To sustain all of this, the protocol harvests liquidity on all transfers and converts them to LP tokens. The LP tokens can be burned, but they belong to the protocol and can never be withdrawn. Finally, it's democratic and modifiable with a DAO that allows users to decide exactly what happens to the protocol. This allows the protocol to be utilized and integrated in other instances.