What Are Some Examples of Popular Rebase Tokens?
Some of the most well-known examples of rebase tokens include Ampleforth (AMPL), a token that aims to be a decentralized unit of account, and Olympus DAO (OHM), which is a decentralized reserve currency protocol. Other examples include tokens associated with liquid staking protocols, like stETH from Lido, which represents a share of staked Ether and rebases daily to reflect staking rewards.
These projects have popularized the concept of elastic supply cryptocurrencies.
Glossar
Staked Ether
Definition ⎊ Staked Ether refers to the amount of Ether locked within the Ethereum Proof-of-Stake consensus mechanism, representing capital dedicated to network validation and security, which is typically illiquid in its native form.
Rebase Token Projects
Ecosystem ⎊ Rebase Token Projects are decentralized finance initiatives that utilize the elastic supply mechanism as their primary method for maintaining price stability or managing network resource allocation.
Rebase Tokens
Mechanism ⎊ Rebase tokens represent a unique class of cryptocurrency designed with a dynamic supply, adjusting the number of tokens in each wallet based on algorithmic rules or external factors, differing fundamentally from tokens with fixed maximum supplies.
Rebase Token
Algorithm ⎊ Rebase tokens operate through a dynamic supply mechanism, adjusting the circulating token quantity based on a predetermined algorithmic function, often tied to price fluctuations or time-based schedules.
Olympus Dao
Definition ⎊ Olympus DAO is a decentralized autonomous organization that pioneered the concept of protocol-owned liquidity and reserve-backed assets, aiming to establish a decentralized reserve currency managed by token holders.
Decentralized Reserve Currency
Definition ⎊ A decentralized reserve currency is a digital asset designed to maintain stability and serve as a store of value within a decentralized finance ecosystem, typically managed by a decentralized autonomous organization (DAO).