Carbon Finance is coming!

Carbon finance will be one of the first protocols in crypto to have a set of fully Collateralized Algorithmic Stable Coins Pegged to Major Currencies.

Carbon Finance will be a fork of Frax.Finance and Iron.Finance, but the aim is to make cryptocurrency more accessible to everyone around the globe. How do we aim to do this? By making their currency available on the blockchain.

We will begin on the Binance Smart Chain and bridge out to other major blockchains.

CARB (Carbon) — this will be the first major stablecoin pegged to $1. It will be partially backed by a continuously adjust ratio of collateral equal to $1 in value.

Our goal is to first setup a main token which will be pegged to USD. Our Frax or Iron will be called Carbon. Our Frax Shares or Steel will be called Graphene. Carbon and Graphene are some of the toughest materials in the world. We want to be a tough protocol that is able to deliver something that will aid the mainstream adoption of cryptocurrencies.

We will peg Carbon to the USD and Graphene will be used as a share token of the protocol that serves as part of the collateral behind CARB (Carbon). CARB will then be partially backed by seignorage revenue as well as the value of an excess collateral.