ToxicDeer Finance

Algorithmic PEG

ToxicDeer (DEER) is an anti-deflationary and anti-inflationary crypto project running on the Cronos chain. It draws its inspiration from BasisCash as well as its predecessors, Pegasus, Soup and Tomb Finance. We want to support their protocol by pegging DEER to USDC, henceforth providing new use cases for USDC, as well as increasing ToxicDeer’s liquidity on the Cronos ecosystem. Consequently, exposing ourselves to USDC also means exposing us to its recent success. As a strong USDC supporter, we can attract investors that originate from USDC by providing space for their USDC LPs in ToxicDeer Finance. Yes, USDC is DEER and DEER is USDC.

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