Polaris Finance DEX
  • 📃About Polaris Finance
  • 1️Polaris Finance Phase 1 (Seigniorage)
    • Phase 1 FAQ
    • Token Genesis Pools & Launches + FAQs
      • POLAR Gen. & Launch
      • LUNAR Gen. & Launch
      • TRIPOLAR Gen. & Launch
      • ETHERNAL Gen. & Launch
      • ORBITAL Gen. & Launch
      • USP Gen. & Launch
      • BINARIS Gen. & Launch
    • SUNRISE and Earn
    • SUNRISE Expansions
    • BONDs Mechanism
    • Pegged Assets
    • BOND Assets
    • DAO Fund
    • Contracts & Wallets
  • 2️Polaris Finance Phase 2 (DEX)
    • Phase 2 FAQ
    • Overview
    • How it works
    • xPOLAR
    • veXPOLAR
      • Overview
      • veXPOLAR FAQ
    • Pools
      • Weighted Pools
      • Stable Pools
      • MetaStable Pools
    • Fees
    • Maths
      • Weighted Math
      • Stable Math
  • 🆘GUIDES
    • Moving between Aurora and Telos
    • Moving Assets and Liquidity to the new PolarisDEX
    • Moving from Solana to Aurora
    • Moving from EVM to Aurora
    • How to provide liquidity
  • 💡References
    • Dictionary
    • Polaris Finance Audit
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On this page
  • ​POLAR
  • LUNAR
  • TRIPOLAR
  • ETHERNAL
  • ORBITAL
  • USP
  • BINARIS
  1. Polaris Finance Phase 1 (Seigniorage)

Pegged Assets

Description of Polaris Finance pegged tokens.

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Last updated 2 years ago

​POLAR

$POLAR is the first token in Polaris Finance ecosystem designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $POLAR's peg to 1 $NEAR token in the long run. Note that $POLAR actively pegs via the algorithm, it does not mean it will be valued at 1 $NEAR all times as it is not collaterized. $POLAR is not to be confused for a crypto or fiat-backed stablecoin.

LUNAR

​$LUNAR is excluded from protocol because of what happened to $LUNA in May 2022.

$LUNAR is the second token in Polaris Finance ecosystem designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $LUNAR's peg to 1 $LUNA token in the long run. Note that $LUNAR actively pegs via the algorithm, it does not mean it will be valued at 1 $LUNA all times as it is not collaterized. $LUNAR is not to be confused for a crypto or fiat-backed stablecoin.

TRIPOLAR

​$TRIPOLAR is the third token in Polaris Finance ecosystem. This token was released because of cooperation with Trisolaris exchange to provide more utility for their token $xTRI. The built-in stability mechanism in the protocol aims to maintain $TRIPOLAR's peg to 1 $xTRI token in the long run. Note that $TRIPOLAR actively pegs via the algorithm, it does not mean it will be valued at 1 $xTRI all times as it is not collaterized. $TRIPOLAR is not to be confused for a crypto or fiat-backed stablecoin.

ETHERNAL

$ETHERNAL is the fourth token in Polaris Finance ecosystem designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $ETHERNAL's peg to 1 $ETH token in the long run. Note that $ETHERNAL actively pegs via the algorithm, it does not mean it will be valued at 1 $ETH all times as it is not collaterized. $ETHERNAL is not to be confused for a crypto or fiat-backed stablecoin.

ORBITAL

$ORBITAL is the fifth token in Polaris Finance ecosystem designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $ORBITAL's peg to 1 $BTC token in the long run. Note that $ORBITAL actively pegs via the algorithm, it does not mean it will be valued at 1 $BTC all times as it is not collaterized. $ORBITAL is not to be confused for a crypto or fiat-backed stablecoin.

USP

$USP is the sixth token in Polaris Finance ecosystem designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $USP's peg to 1 $USDC token in the long run. Note that $USP actively pegs via the algorithm, it does not mean it will be valued at 1 $USDC all times as it is not collaterized. $USP is not to be confused for a crypto or fiat-backed stablecoin.

BINARIS

$BINARIS is the seventh token in Polaris Finance ecosystem designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $BINARIS's peg to 1 $BNB token in the long run. Note that $BINARIS actively pegs via the algorithm, it does not mean it will be valued at 1 $BNB all times as it is not collaterized. $BINARIS is not to be confused for a crypto or fiat-backed stablecoin.

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