USCD - ChocoDoge Cash

The cash token, USCD, is intended to be used as a means of exchange. Implementing the successful methods of earlier algorithmic tokens, the protocol includes a built-in stability mechanism that seeks to keep the USCD peg at 1 USDC over time.
Note that USCD actively pegs via the algorithm, it does not mean it will be valued at 1 USDC all times as it is not collateralized. USCD should not be mistaken with a stable coin backed by cryptocurrency or fiat.
As our ecosystem expands with the release of new games and applications, USCD can also be used to conveniently make in-game and in-app purchases.

CD - ChocoDoge Share

One approach to gauge the worth of the ChocoDoge Protocol and investor confidence in its capacity to keep USCD near to peg is through ChocoDoge Shares (CD). The protocol creates USCD during epoch expansions and distributes it proportionately to all CD holders who have staked their tokens in the BANK.
A maximum of 200,000 CD tokens are available. 30,000 of these will be distributed in the first week, followed by a stable 15% weekly decrease for the next 104 weeks.
You can earn CD by staking in our two LPs with the rewards as follows:
  • USCD/USDC LP: 130,000 CD (65% of the total CD tokens, distributed in accordance with the aforementioned schedule).
  • CD/USDC LP: 70,000 CD (the remaining 35% of the total CD tokens, also following the same schedule).
This is, of course, subjected to later changes depending on the actual situation and/or the wish of our community.
In the ChocoDoge finance ecosystem, CD holders have the ability to vote on suggestions to improve the protocol and potential future use cases like bonuses/rewards for long-term holders, etc.

USBD - ChocoDoge Bond

The primary function of ChocoDoge Bonds (USBD) is to encourage adjustments in USCD supply during an epoch contraction period. USBD are created and can be purchased with USCD at the going rate when the TWAP (Time Weighted Average Price) of USCD drops below 1 USDC. By taking USCD tokens out of circulation (deflation), exchanging them for USBD raises the price of one USDC.
When the price is above the peg in the future, these USBD can be exchanged for USCD, plus an additional incentive the longer they are held above the peg. When USCD is above the peg, this translates to inflation and sell pressure, which helps to push it down near 1 USDC.
USBDs do not have expiration dates, in contrast to earlier algorithmic protocols.
As long as the Treasury has a positive USCD balance, which normally takes place when the protocol is in epoch expansion phases, all holders are eligible to exchange their USBD for USCD tokens.