Pegging itself to BUSD, Ames Protocol is fully collateralized and audited monthly while creating high yields for holders.
LONDON, ENGLAND, June 9, 2022 /EINPresswire.com/ -- Ames Protocol: The New Algorithmic Stablecoin Ecosystem
Pegged to the well known stablecoin $BUSD, which is fully collateralized and audited monthly, the Ames.Defi protocol is a new algorithmic stablecoin ecosystem. The protocol specifically aims to create a high yield generating protocol, with above average annual percentage rates (APRs), while contributing to a bigger ecosystem by increasing $BUSD liquidity on BNB Chain. To accomplish this, the protocol has 3 distinct tokens that each play a critical role in the function of the project.
The PegToken, named Ames.defi Tokens or $AMES for short, acts as a medium for $BUSD exchange. The protocol’s specifically designed stability mechanism works to maintain $AMES peg value of 1 $BUSD.
Ames.defi Shares, also known as $ASHARE, establishes both governance voting and...
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