PEG serves as a network token used to collateralize and stabilize pegged tokens. Any user who deposits PEG Tokens into a Vault can then borrow out other tokens which are pegged to a real-world currency, commodity, or asset of their choice.
PEG Tokens have instant liquidity and can be converted to any ERC20 token via Bancor's Liquidity Network. The PEG token has a 7% weight connector of BNT tokens.
A PEG Instance is the management layer responsible for setting the terms for creating and maintaining an asset-pegged token. The PEG Instance Manager will be responsible for setting price thresholds, establishing terms of debt and reporting updated asset price.
A Vault is a user-owned smart contract collateralized by PEG Network Tokens. Users can mint asset-pegged tokens by despositing collateral into a Vault which is tied to a parent PEG Instance.
Instantly trade asset-pagged tokens on PEGDEX allowing for participation in previosly inaccessibe derivative markets.
Tokens can be pegged to any underlying currency, commodity or asset.
Utilize your assets to provide yourself a loan against crypto that can be repaid at any time.
Safely hedge your crypto against an asset-pegged token of your choice.
Instant liquidity between any token-pegged asset and any other ERC-20 token on Bancor's Liquidity Network.
Aside from usual price stabilizing market mechanics, the PEG Network contains built-in mechanics to maintain the stability of asset - pegged tokens.
PEG Foundation is a Swiss Nonprofit regulated under the Swiss Financial Authority (FINMA) and based in Zurich, Switzerland with a R&D Center in the city of Hayden, Idaho, USA.
The PEG Foundation is dedicated to the development and promotion of the PEG Protocol, a blockchain agnostic standard for creation of non-volatile, synthethic cryptographic asset, commonly referred to as Stable Coins.