Introducing Konstant Protocol — KUSD

KUSD is an algorithmic stable coin with an inherent twist in its supply mechanics.

Why do we need Konst stablecoin — KUSD?

Stablecoins like USDT, USDC works as when you deposit 1 dollar, the system increases 1 USDT in supply by minting new USDT .This is relatively a simple supply mechanism to understand but their systems lack in transparency.

Other stablecoin like DAI have great transparency but the methods they implement to make the price stable is highly complex and are susceptible to supply and demand shock.

KUSD is the coin which is both transparent and is very simple to understand.

How does Konst stablecoin work?

Konst stablecoin is built with simplicity in mind .It uses current demand to adjust the supply.

When the demand is high,the system will increase the supply and when the demand is low, the system will decrease the supply to keep the price stable.The innovative part is this supply change will be reflected in all users wallet balance. If the supply increases your wallet balance increases and if supply shrinks your wallet balance shrinks too.

If the number of tokens in my wallet can change, then isn’t KUSD still speculative and volatile ?

The goal of the decentralized finance movement, is to create an alternative financial ecosystem, beyond the reach of politics. Stablecoins today either rely on traditional banks, or lenders of last resort. KUSD is an independent financial primitive that does not rely on centralized collateral or lenders of last resort.It’s like Bitcoin, except it is more stable than volatile.

Our Vision

The aim of this project is to create a perfect decentralized financial tool which is simple, scalable and transparent in nature.