Essence Finance
    • Introduction
  • Protocol
    • Peg Stabilty
    • Collateralization
    • Decentralization
  • TOKENOMICS
    • ZEN
    • Distribution
    • Stake
  • Protocol Controlled Value
    • Protocol Controlled Value (PCV)
    • PCV Management
    • PCV Deposits
  • Governance
    • Essence DAO
    • Governance Phases
    • Access Control
    • Roles
  • Smart Contracts
    • Contract Addresses
    • Audits
  • Development
    • Smart Contracts API
      • Chi
        • IChi
      • Minter
        • IPCVEquityMinter
        • PCVEquityMinter
        • RateLimitedMinter
      • Core
        • Core
        • ICore
        • IPermissions
        • IPermissionsRead
        • Permissions
        • ZenRoles
      • Dao
        • Governor
          • EssenceDAO
        • Timelock
          • EssenceDAOTimelock
          • OptimisticTimelock
          • Timelock
      • External
        • Decimal
        • WETH9
      • Libs
        • CoreRefPauseableLib
        • UintArrayOps
      • Oracle
        • ChainlinkOracleWrapper
        • CompositeOracle
        • ConstantOracle
        • ICollateralizationOracle
        • ICollateralizationOracleWrapper
      • Pcv
        • IPCVDeposit
        • IPCVDepositBalances
        • IPCVGuardian
        • IPCVSwapper
        • PCVDeposit
        • PCVGuardian
      • Peg
        • FixedPricePSM
        • IPegStabilityModule
        • IPriceBound
        • IPSMRouter
        • PegStabilityModule
        • PriceBoundPSM
        • PSMRouter
      • Refs
        • CoreRef
        • ICoreRef
        • IOracleRef
        • IUniRef
        • OracleRef
        • UniRef
      • Timelocks
        • ITimelockedDelegator
        • ITokenTimelock
        • LinearTimelockedDelegator
        • LinearTokenTimelock
        • QuadraticTimelockedDelegator
        • QuadraticTimelockedSubdelegator
        • QuadraticTokenTimelock
        • TimelockedDelegator
        • TokenTimelock
      • Utils
        • RateLimited
      • Zen
        • IZenMinter
        • Zen
        • ZenMinter
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On this page
  • Overview
  • Tokens
  • End Goal

Introduction

NextPeg Stabilty

Last updated 1 year ago

Overview

Essence Finance aims to realize a vision of issuing a stablecoin that is both highly scalable and truly decentralized.

Essence Finance is unlocking a new paradigm for decentralized finance, one focused on providing users with a stable and decentralized method of storing and transferring value, without sacrificing the core principles of decentralization and security.

Tokens

The Essence Ecosystem uses a dual token model consisting of:

  • CHI: A fully collateralized, yet scalable, decentralized stablecoin pegged to the US dollar.

  • ZEN: A dual utility token serving as the governance token and beneficiary of protocol growth.

End Goal

Our goal is to issue a scalable, truly decentralized stablecoin capable of various use cases in the decentralized finance (DeFi) ecosystem, enabling us to cater to a broader range of needs within the DeFi ecosystem.