Title of your idea
PON - Peg or Not?
Stables are supposed to be stable, until they are not.
PON is a set of tokens that let you trade the peg strength of any stable coin (collateralized, algorithmic…).
PON tokens have the exact value that is missing for the token to get the $1 peg.
As an example, should the $DAI be worth $0,95, the PON-DAI would be worth 0,05.
It’s the perfect cover when you want a 100% stable investment.
Buy a stable coin + its corresponding PON and you will be covered with at least $1 tokens.
Which metric will your synth track?
Every PON token will track the difference between $1 and the current price of the stable coin.
How will you get data for your metric
Various oracles offer this service, like Chainlink.
Not hard, accessible, resistant to censure and corruption…
What collateral would you use for this synthetic
As we target stable coin users, any stable coin should be fine!