Hakuna Matata is an algorithmic stable coin platform with our token $HAKUNA pegged to the value of 1 SVN.
An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin tailored for improving price stability.
The mechanics of Hakuna Matata is similar to that of Savanna Finance except the underlying pegged token is different. On Savanna Finance, the $SVN is pegged to $MMF. On Hakuna Matata, the token $HKN is pegged to $SVN.
