Cerberus

3DOG

Ethereum:

0x8a14897ea5f668f36671678593fae44ae23b39fb

  • Arken Finance

  • Embed

Market Cap

$0

Launch Date

November 26, 2021

Cerberus is a decentralized reserve currency protocol launching under the 3DOG (🐶,🐶,🐶) token. Each 3DOG token is backed by a basket of assets, starting with meme coins, e.g. Shiba Inu (SHIB), Ethereum (wETH), and, eventually, stablecoins (DAI), all held in the Cerberus treasury, giving the 3DOG token an intrinsic value below which it cannot fall. Given that Cerberus is a fork of the OlympusDAO protocol, Cerberus features the same economic and game theory dynamics that were introduced into the market by OlympusDAO through staking and bonding. What sets Cerberus apart from Olympus and its forks is that it harnesses the limitless power of meme coins, starting with SHIB, rather than relying chiefly on stablecoins to fill its treasury.