Empty Set Dollar
$-
ESD to USD converterESD
USD0
ESDUSDNo chart data available
Market Cap
$0
No data available
Volume (24h)
$0
No data available
Price Performance
No data available
Market Cap
$0Volume(24h)
$0FDV
$0Circulating Supply
0Total Supply
0Max Supply
$0Infinity Supply
No
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DeFi
Stablecoin
About Empty Set DollarEmpty Set Dollar (ESD) is an algorithmic stablecoin designed to maintain a $1 peg to the US dollar through game-theoretic incentive mechanisms and token holder governance, representing an experimental approach to decentralized stablecoin issuance without traditional collateral backing. Built on Ethereum as a governance-driven protocol, ESD uses bonding and rebasing mechanisms where users can bond ESD tokens or external collateral to influence supply dynamics, with governance holders voting on protocol parameters including expansion and contraction rates. The token employs a rebase mechanism that adjusts supply proportionally across all ESD holders' balances based on market price movements relative to the $1 target, attempting to restore peg through automated supply adjustments rather than collateral mechanisms typical of competitors. Trading on exchanges like Poloniex with modest liquidity, ESD's market performance depends on maintaining algorithmic peg stability and achieving sufficient transaction volume to sustain the bonding and staking mechanisms though algorithmic stablecoins have historically struggled with peg maintenance and liquidity challenges compared to collateralized alternatives.
Assets Details
Access Model
PermissionlessRedeemable
YesAttestations
NoCEX Listed
YesKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes