Carrot Stable Coin

Carrot Stable Coin

CARROT
$0.925605517

Key Metrics

Price$0.925605517
Real Volume (24H)$0
MarketcapN/A
Fully Diluted ValuationN/A
ATH$1.82
ATH Date10/18/2021, 11:02:43 AM
ATL$0.773684
ATL Date10/30/2021, 11:42:11 AM
Circulating SupplyN/A
Total Supply25T
WebsiteN/A
WhitepaperN/A
Popularity Rank7411
Chart
What is Carrot Stable Coin?

RabbitDAO is a decentralized autonomous organization that is committed to incubating and investing in more Web3 infrastructure. The platform aims to facilitate the growth and development of the decentralized finance ecosystem by supporting innovative projects and providing a range of value-adding services.

At the core of RabbitDAO's governance structure is the Rabbit Share Coin (RS) - a governance token that gives members of the Rabbit community a say in the direction of the protocol. RS can be obtained by minting with RABBIT, RABBIT-LP, and RS-LP, and serves as the key to community governance.

One of the unique features of RS is its DeFi 2.0 concept, which is based on the Protocol Controlled Value (PCV) mechanism. This approach enables RS holders to participate in Protocol Owed Liquidity (POL) and staking for interest, as well as bond discount purchases. With an initial supply of 68,260 RS tokens, the platform offers a range of benefits to its members.

In addition to protocol governance, RS tokens can also be used to purchase characters and equipment in the game, providing an added layer of utility and value to the token.

One of the main strategies for RS token holders to accumulate value is through staking. By staking their RS tokens in the boardroom, users can receive sRS tokens as stake certificates, which come with sRS rebase rewards. This provides a passive long-term strategy for accumulating value, with the cost of each token decreasing over time as the stake period is extended. Even if the price of RS tokens fluctuates, stakers can still earn considerable income by staking for a sufficient period.

Overall, RabbitDAO and its governance token, RS, offer a range of innovative features and benefits to the decentralized finance ecosystem. By supporting innovative projects, providing value-adding services, and empowering community governance, RabbitDAO is playing a key role in the growth and development of the Web3 infrastructure. Whether you're an investor or a developer, RabbitDAO is definitely worth keeping an eye on.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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