Nirvana will Launch on AcceleRaytor
Nirvana is building a sustainable reserve currency for Solana will launch its $prANA token on Raydium Protocol AcceleRaytor Launchpad on April 5, 2022.
The AcceleRaytor launch will be for the prANA token, giving users the option to mint ANA at a discount to the market price.
The staking deadline is Apr 1, 2022.
- Purchase ANA through the protocol’s instant-buy market.
- Stake the ANA and begin earning prANA rewards
- Claim your prANA rewards and realize them into ANA
- Stake the newly acquired ANA for compounding interest on your prANA rewards
- Mint a NIRV loan from your staked ANA, and use that NIRV to buy more ANA, levering up your exposure with zero liquidation risk.
The Nirvana protocol is a twin system that produces $ANA, a volatile token with an algorithmically rising floor price, as well as $NIRV, a decentralized superstable coin with a delegated peg.
Nirvana’s virtual AMM enables the minting of ANA from a diverse basket of stablecoins. ANA’s price is free to appreciate, but the minimum floor price rises algorithmically as stablecoin reserves increase.
Zero liquidation-risk loans of the superstable NIRV token can be taken by staking ANA. Loans have a negative interest rate, meaning users earn a yield on debt.
Yield for staking ANA and taking NIRV loans is distributed in prANA (pre-ANA), which are tokens that act as non-expiring options to mint ANA at its floor price. Any funds used to exercise prANA return to the stablecoin reserve, adding value to the protocol and floor price.
About Nirvana
Nirvana is a twin system of algorithmic wealth & ultra low-risk stablecoin on the Solana network. It produces the ANA token: an algorithmic metastable token that serves as a store of wealth. And it produces the NIRV token: a decentralized superstable store of value.
About Raydium
Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity, and new features for earning yield.
