💫Tokens

DSF- DawnStar Token

Token address: 0x095BC617b36AB227A379550633DFDCBf43f236F6

DSF token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain DawnStar's peg to 1 MMF token in the long run.

How the Algorithmic Peg works?

When DSF is below Peg

When DSF price is below MMF Current Market Price (Peg), token holders can purchase MOON and DSF will be burnt to reduce the circulating supply when users redeem DSF tokens with a 1:1 ratio.

When DSF is above Peg

When DSF price is above MMF Current Market Price (Peg), the token supply will have to expand to push it back down to Peg and the contract will allow the redemption of the SOLAR.

When the price of DSF continues trading above the MMF Current Market Price (Peg) after bond redemption, the contract mints an appropriate amount of new DSF and this will be distributed to the SOLAR stakers.

Note that DSF actively pegs via the algorithm, it does not mean it will be valued at 1 MMF all times as it is not collaterized . DSF is not to be confused for a crypto or fiat-backed stablecoin.

SOLAR - Share

0xf8Eed914a0BAcAF30C13420989bB7C81b75D833A

Solar Shares (SOLAR) are one of the ways to measure the value of the DawnStar Protocol and shareholder trust in its ability to maintain DSF close to peg. During epoch expansions the protocol mints DSF and distributes it proportionally to all SOLAR holders who have staked their tokens in the Eclipse.

SOLAR holders have voting rights (governance) on proposals to improve the protocol and future use cases within the DawnStar Finance ecosystem.

SOLAR has a maximum total supply of 80,000 tokens distributed as follows:

• 25% go to DAO vested over a 1 year

• 75% go to Community vested over a 1 year

MOON - Bond

0x0dFF219cF53bF64dC39d6a8551C9dc0e65B966Dd

Moon Bond (MOON) main job is to help incentivise changes in DSF supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of DSF falls below 1 MMF, MOONs are issued and can be bought with DSF at the current price. Exchanging DSF for MOON burns DSF tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 MMF. These MOON can be redeemed for DSF when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for DSF when it is above peg, helping to push it back toward 1 MMF.

Contrary to early algorithmic protocols, MOON do not have expiration dates.

All holders are able to redeem their MOON for DSF tokens as long as the Treasury has a positive DSF balance, which typically happens when the protocol is in epoch expansion periods.