Ceres protocol is a protocol of algorithmic stablecoins with superior stability, scalability and capital efficiency, aiming to build an algorithm-based 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.
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