Ceres protocol is a protocol of decentralized stablecoins with superior stability, scalability and capital efficiency, aiming to build an decentralized central bank that functions as an indispensable part in the infrastructure of the cryptocurrency world.
Based on smart contracts, Ceres protocol issues stablecoins named ASC with its price pegged to $1 and continuously expand its scale with high capital efficiency.
Furthermore, Ceres protocol will involve a variety of native crypto assets and liquidity as the value support of ASC, diversifying its value support and creating completely decentralized stablecoins, contributing to the overall value and liquidity of the entire decentralized finance system.
Ceres protocol will be deployed on Binance Smart Chain first, and then on various public chains. Ceres protocol on each public chain interacts with each other through a cross-chain bridge.