Pegged Assets
Description of Polaris Finance pegged tokens.
$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 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 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 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. $ETHERNAL is not to be confused for a crypto or fiat-backed stablecoin.
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$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 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 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.