Components
PDD & PDS
Last updated
PDD & PDS
Last updated
PolyDogeDollar PDD
Stability system in the protocol deterministically expands and contracts the PDD supply to maintain PDD's peg to 1 MATIC token. So in short the ideal balance is the target of 1 PDD to be peged to 1 MATIC.
PolyDogeShare PDS
PolyDogeShare represent the value of the PolyDogeDAO and trust in its systemic ability to maintain PDD to peg. When time-weighted average price (TWAP) of PDD is above the 1 MATIC peg (in short epoch expansions), the protocol mints PDD and distributes it proportionally to all PDS holders who have staked their tokens in the boardroom. Additionally, PDS are used to achieved a completely decentralized on-chain governance where PDS holders have voting rights and the ability to create proposals to improve the protocol. PDS has a maximum total supply of 100 000 tokens.
