Supra Dollar Share (SSO)
Supra Dollar Shares (SSO) loosely represent the value of the Supra Dollar Protocol and trust in its systemic ability to maintain SDO to peg. During epoch expansions (when TWAP — time-weighted average price of SDO is above the 1 $BUSD peg), the protocol mints SDO and distributes it proportionally to all SSO holders who have staked their tokens in the boardroom.
SSO has a maximum total supply of 21,000 tokens. 1,750 SSO are allocated to treasury. 1,750 SSO are allocated to the team. Both are vested linearly over 12 months. The remaining 17,500 SSO are allocated for incentivizing Liquidity Providers in different pools available at https://dollar.supra.finance/shares
SDO address: 0x8408A35Cd56534B06Dfc085551f072A28212f364
Last modified 1yr ago