Offshift anonUSD price 

ANONUSD

Offshift is pioneering Private Decentralized Finance (PriFi) with an ecosystem of Private DeFi Applications that confer and protect various elements of privacy, anonymity, and confidentiality on Ethereum Layer 1. All Offshift Ecosystem PriFi Applications are powered by XFT.

Offshift anonUSD is an algorithmic stablecoin that is created when a user Shifts XFT on Offshift’s fully on-chain, non-custodial platform Offshift anon. Offshift anon dissolves the existing tradeoffs between privacy and yield generation by dissociating users from their assets via the Mint-and-Burn Tokenomics native to the Offshift Ecosystem. Offshift anon’s Burn-and-Mint Mechanism burns a user’s XFT and mints an equal value in anonUSD. At any point, a user may also Shift from anonUSD back into XFT, and the process reverses. A full description of Offshift anon can be found in the Offshift anon Litepaper.