βž—
Rebase
Introduction to the rebase system!
A rebase protocol happens routinely - once the TWAP of MOLOTOV is below 1.01 for 6 consecutive epochs the rebase feature comes into the protocol . Or once it hits 0.8 .
What happens from the users’ point of view? The amount of tokens in each wallet will increase or decrease accordingly. Yet the total value of each wallet does not change, thanks to the rebasing mechanism.
To simplify, if you have 1 MOLOTOV, valued at 1 $FTM which doubles in value to become 2 $FTM, the supply will inflate during the rebase period. This means that your 1 ZELENSKY will decrease to 0.5 MOLOTOV, yet the value will still be 1 FTM since 1 MOLOTOV would now be worth 2 FTM.
Copy link