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Home All Events Malt Protocol V2 Launch

Date

May 07 2022
Expired!

TimePacific Time

11:00 am

Your Time

  • Timezone: America/New_York
  • Date: May 07 2022
  • Time: 2:00 pm

Status

Active

Malt Protocol V2 Launch

Algorithmic stablecoin on Polygon. Malt began approximately a year ago (in other words, it’s not a generic Tomb fork), and they are launching a V2.

No contracts.

DETAILS
  • Starting supply: “around 1,000,000 MALT”
  • Whitelist participants purchased MALT for $1
  • Liquidity will be provided on Quickswap
  • MALT is pegged to $1
  • When MALT is over $1, the protocol mints MALT and sells it on the open market
  • Profit from minting MALT and selling it above $1 is distributed to LP providers and to the “peg defense”
  • When MALT is under $1, the protocol uses capital in the “peg defense” to buyback MALT and sells “Arbitrage Tokens” (like a bonding token) via a Dutch Auction

Blockchain

Polygon

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