Rebased v2 is an innovative and trustless elastic supply token with community governance and a fair distribution.
REB2 is designed to track the purchasing power of one US dollar. This makes REB a stable store of value that is unaffected by the volatility of other cryptocurrencies. Rebases can be triggered by anyone up to six times a day.
Traditional elastic supply tokens often get stuck in downward price spirals due to the psychological effects of prolonged negative rebase periods. REB2 addresses this problem by rebasing much faster when the price is below target.
First-gen elastic supply tokens use centrally managed multisig oracles or depend and external price feeds. Rebased v2 uses the time-weighted average price (TWAP) derived from on-chain trading activity and is therefore fully trustless and auditable.
Most REB2 have been distributed to users via our community sale and airdrops. Liquidity providers earn REB2 in the Orchard staking program. A small percentage of tokens is used for development, bounties and salaries for community mods. No seed round, private investors or team allocation.
Important decisions such as monetary policy changes are decided by REB2 token holders via snapshot votes. Together with fair token distrtibution, this ensures that REB2 evolves the way the community wants.
The Rebased protocol was audited by Hacken. It is intentionally minimalistic to keep the attack surface small. Rebased v2 introduces additional security features to make the protocol even more robust. REB2 has never been successfully attacked since it is live on mainnet.
We have given REB2 the ability to adjust its supply equally and automatically in response to changes in demand – in a trustless environment where code is law.
The goal of Rebased is to reach its desired price target of 1 USD. To achieve this there is the so-called Rebase, which adjusts the supply to the demand.
All supply changes apply equally to every owner/wallet holding REB2. Your balance changes but you always own the same % of the total supply. Your holdings increase in value as the market cap of REB grows.
Imagine a world where the FED prints a few billion dollars and you receive "new" money directly on your bank account. Sounds like a dream? Well not in crypto. Welcome to the world of Rebased.
Supply will decrease
No rebase since the price target is met
Supply will increase
All milestones have been completed and we are now working on updating the roadmap.
Rebased v2 dashboard release
Liqudity transfer from REB v1 to REB v2
Launch of Rebased v2 Orchard (liquidity farming)
We have no tokens for the team, advisors, partners, private investors, or any other centralized party. Community comes first!
More exchanges will be announced on our official channels only – do not believe any rumors!
8% of the REB2 supply is being distributed to LPs between November 2020 and January 2021. Stake Uniswap LP tokens in the Rebased v2 Orchard to start earning rewards.
Rebases occur at variable strength to achieve price equilibrium faster when the price is below target. REB2 rebases can be triggered by anyone up to six times a day.
REB2 adds protection mechanisms that make it safe to trade
on liquidity pools like Balancer and Uniswap while doing
REB version 1 does no longer support rebases and will be fully replaced by REB2 eventually.
We are a community project and we have chosen to remain anonymous for the time being. We have taken every possible precaution to remove all concerns. All smart contracts are non-upgradable, and the source code can be viewed on Etherscan (see first FAQ). Our provided liquidity is locked via timelock contract.
Our rebase mechanism is trustless and transparent: Anybody can trigger a rebase if at least 4 hours since the last rebase have passed.
No lock up periods needed because we have no seed/private investors, no partners & advisors and no pre-mine for the team.