⚫Humo Overview
Introducing the world's first deflationary rebase token.
Where there is HUMO there is FUEGO.
Humo is an inelastic deflationary rebase token, supporting the long-term liquidity of its Partner Token, FUEGO. Where most rebase tokens will be elastic to maintain price and stability, with both inflationary and deflationary properties, this deflationary rebase token called HUMO will be used in this unique model to stabilize tokenized asset values and the growth of tokenized assets, onchain. Longer-term, this mechanism keeps necessary liquidity for funding a network of new hybrid financial protocols for tokenizing assets that live offchain by bringing them onchain.
How have rebase tokens typically worked?
Rebase tokens are pieces of code that self-execute a specific action (or actions) when predetermined conditions are met. Smart contracts can also drive the automation of a given token's supply.
The formula to adjust the supply is predetermined by a contract's design and can vary, but is generally based on setting a target price of a token. Typical rebase tokens react if the market price is lower than the target price, and the token supply is burned to bring the price back up. Alternatively, if the price is higher than the target price, the tokens are minted back into circulation.
But what happens if the rebase tokens are NOT brought back into circulation?
What happens if the token constantly deflates at a specific and constant rate over time to support an ever increasing liquidity and asset values to bring the world's assets onchain?? The answer: infinite value based on assets held against a deflationary rebase token - with no adjustment contract necessary.
Welcome to the onchain future! Welcome to FUEGO x HUMO!
Like its Partner Token FUEGO, HUMO is built to be deflationary and to assist in sustaining and supporting an ever increasing Treasury to support the tokenization of assets, onchain.
What is AMPL (Ampleforth)?
Ampleforth (AMPL) is a cryptocurrency that aims to solve some of the problems of traditional cryptocurrencies like Bitcoin and Ethereum. The key feature of AMPL is its elastic supply mechanism, which adjusts the total supply of the token in response to changes in its price to maintain a stable purchasing power, similar to how central banks manage the money supply of fiat currencies.
What is stETH (Staked Ether)?
Staked Ether (stETH) is a Lido Finance protocol token that uses a rebase function in order to maintain price parity and pay staking rewards. stETH tokens rebase once a day at 12PM UTC when the oracle reports changes in ETH2 deposits and changes in ETH rewards from users. This rebase feature simplifies staking on Ethereum 2.0 for users who may not want to lock up their Ether or who do not have enough to stake 32 ETH (the minimum for running a validator node).
What is OHM (Olympus DAO)?
OlympusDAO (OHM) is a DeFi protocol that aims to create a decentralized reserve currency backed by crypto assets, primarily focusing on building a stable and sustainable ecosystem through its native token, OHM. The goal of OlympusDAO is to offer an alternative to traditional fiat-backed stablecoins by using an innovative approach to monetary policy and tokenomics.
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