delveUST
delveUST is a decentralized stablecoin protocol on the Terra blockchain. Its primary goal is to maintain a stable price peg to the US Dollar through a combination of algorithmic mechanisms and community governance. The protocol utilizes a seigniorage-style model where its native token, LUNA, plays a crucial role in stabilizing the UST price.
When UST is trading above its $1 peg, users are incentivized to mint new UST by burning
The delveUST protocol aims to provide a censorship-resistant and decentralized alternative to traditional stablecoins. It has