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RE: What is the HERTZ Algorithm Based Asset?
If you don't mind, what are the other ones? I sort of understand what this is saying and would love to see more in action.
If you don't mind, what are the other ones? I sort of understand what this is saying and would love to see more in action.
Hero is one, it appreciates 5% per year pegged to the USD. Arguably altcap.xdr which is a basket currency could be considered an algorithm based asset since it has a formula behind it, though AFAIK the calculation is done on the IMF's side.
There has been talk of the opposite to hero, an asset which depreciates x% per year which would actually be quite simple to implement as an ABA.
Do you have any ideas for an ABA?