WOLD will be the third token in the Wault.Finance ecosystem. The purpose of this USD-pegged stablecoin is to serve as future collateral for our Yield Optimization and Lending Platforms.
It will be a token with an elastic supply that expands and contracts through a rebasing mechanism depending on the market’s supply and demand. New tokens will be minted or burned as price moves off the peg, controlling supply so that price always remains pegged to the USD.