Malt Protocol V3 Launch
Algorithmic stablecoin on Polygon; the protocol first began ~2021 and this is the latest iteration.
Launch date and time are subject to change.
Algorithmic stablecoin from an established team and protocol. Fantastic, detailed whitepaper with their unique mechanics and mathematics powering the protocol.
- There is a whitelist, it appears those on the whitelist will be able to pre-purchase MALT so it is ready for staking right at protocol launch (and not face any fluctuating prices)
- Users of V1 or V2 Malt Protocol will have some allocation in this V3 launch
- MALT is the algo-stable, pegged to $1
- When MALT > $1, users can participate in an auction to buy MALT at a discount. If futher price support is needed, contracts sell a portion of the protocol-owned MALT, and new MALT is minted and sold to the AMM
- When MALT < $1, contracts buy MALT from the AMM, and new MALT is burnt
- Provide liquidity and receive rewards in the same token the LP provided liquidity against (i.e. MATIC)