Monster Slayer Finance is an algorithmic stablecoin project designed for gaming and NFTs. Stabilization – implementing best practices from the minting industry, combined with a special stabilization fund to limit the impact of post-farming dumping. Utilizing a three-token architecture with cash bonds and a stabilization fund to achieve a peg to $1. MonsterSlayerFinance is an algorithmic composite platform: infinitely scalable, long-term sustainable, and decentralized.
The MSC token is intended as a medium of exchange, pegged to $1 BUSD.
During expansion epochs (when the TWAP-MSC time-weighted average price is above the fixed rate of 1 BUSD), the protocol mints MSC and distributes it proportionally to all Monster Slayer Share (MSS) holders who have staked their tokens within the board. When the TWAP of MSC drops below $1/USD, Monster Slayer Bonds (MSB) are issued, which can be purchased alongside MSC at the then-current price. MSS holders have voting rights and can propose improvements to the protocol with further incentives in place.