Kiwi USD (KUSD) is the first algorithmic stablecoin on opBNB/BNB network, managed by KiwiDAO.
Kiwi USD (KUSD) is a multi-collateralized, algorithmic stablecoin designed to maintain a 1:1 peg with the US dollar. Leveraging advanced bonding curves, dynamic rebase functions, and decentralized governance, Kiwi USD provides a robust and flexible solution for stable digital currency on the BNB Chain. Our vision is to create a stable, secure, and decentralized digital currency that can be used globally for everyday transactions. Kiwi USD aims to be the go-to stablecoin for users and developers by providing unmatched stability through innovative mechanisms and ensuring transparent, community-driven governance.
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Multi-Collateral System: Kiwi USD supports multiple types of collateral, enhancing its stability and reducing the risks associated with single-asset collateralization. This approach allows users to leverage a variety of assets, ensuring broader adoption and resilience.
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Advanced Bonding Curves: The implementation of dynamic bonding curves allows Kiwi USD to adjust the supply and demand dynamically, ensuring the stablecoin remains pegged to the US dollar even during volatile market conditions. This mechanism provides a self-correcting system that maintains price stability without relying solely on external interventions.
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Dynamic Rebase Functions: Kiwi USD includes rebase functionality to automatically adjust the total supply based on price deviations from the target. This ensures that the stablecoin can maintain its peg to the US dollar by expanding or contracting the supply as needed, providing a more stable and predictable value.
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Decentralized Governance: Governance of Kiwi USD is managed through a decentralized autonomous organization (Kiwi DAO), enabling the community to propose and vote on protocol changes, parameter adjustments, and upgrades. This decentralized governance model ensures that Kiwi USD remains transparent, secure, and aligned with the interests of its users.
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Dynamic Fee Structure: The protocol incorporates a dynamic fee structure that adjusts based on market conditions, discouraging sudden large changes in supply and demand. This feature further enhances the stability and usability of Kiwi USD in various market scenarios.
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Security and Transparency: Kiwi USD prioritizes security and transparency through extensive testing, formal verification, and regular audits. Additionally, a comprehensive monitoring system is implemented to provide real-time tracking of the contract state changes, ensuring users have confidence in the stable coin's integrity.