Our mission is to connect DeFi with the Real World. PAPR ecosystem at its core, is an algorithmic stablecoin driven by elastic expansion and burn. Inspired by Basis Cash and other predecessors, we have applied principles of those protocols and innovated our own new mechanisms that effectively maintains the $1 peg level.
PAPR ecosystem, as stated above, is an algorithmic stablecoin with new mechanisms. Those mechanisms are the first of their kind; never before implemented by any other project in DeFi
Our goal for this unique stable token is not only to be an algorithmic stablecoin, but also to be the primary currency of the PAPR ecosystem.