BLOODY is a deflationary elastic experiment that clots if it doesn’t circulate.

How does clotting work?

Whenever the BLOODY transfer volume increases, everyone’s BLOODY balance gets a little bit bigger, whenever the BLOODY transfer volume decreases, everyone’s BLOODY balance gets a little bit smaller.

How is it deflationary?

Whenever there’s a BLOODY transfer, it spills. The faster it circulates, the higher the spill rate.

How often are rebases?

Hourly. After a rebase, transfers are frozen for 5 minutes.

How are BLOODY liquidity providers incentivized?

  • Half the spills are redistributed to BLOODY liquidity providers (up to 6% of ANY transfer).
  • A BLOODY-ROT pool will be added to Rottenswap on Halloween.

Are contracts audited?

BLOODY is written 100% from scratch, not tested nor audited. It is NOT secure, use at your own risk.

What does it BLOODY do?

Nothing, it is an experiment with no purpose.

Links