Lilith Cash is an innovative algorithmic stablecoin pegged to $1 USD. The Lilith Cash Protocol employs a fully market-reliant, innovative mechanism that builds upon traditional algorithmic stablecoins by adding base value and buyback-burn mechanisms. These are executed transparently through algorithms on smart contracts, with the money supply entirely determined by demand. This design ensures users are willing to hold the coin without fear of hyperinflation while maintaining its purchasing power. Our sole motivation is to bring the Lilith Cash Protocol to the world and serve its community, achieving widespread adoption of Lilith Cash as a decentralized stablecoin.
Lilith Cash Bonds ($LLB). Issued by the system for the buyback of Lilith Cash when the price ($LLC) falls below $1 USD. These bonds are sold at a discount to the $LLC price and can be redeemed for $1 worth of $LLC when the price normalizes back to $1 USD.