$TOTETotality
Description
A protocol that creates a fully-backed synthetic asset--$CRYPTO--whose value is pegged to the total crypto market cap (including stablecoins) using the Liquity system. Totality allows $CRYPTO buyers to long the total crypto market cap and borrowers to short it with no interest.
Specifications
Direct Liquity fork, although may or may not be able issue $CMG to stability pool providers depending on how much is purchased during Only Up phase. Use the Chainlink Total Crypto Market Cap feed (+ Eth feed) to determine the price to peg the token to. 1 token should be 1/1 trillionth of the total crypto market cap. Liquity frontend should be able to be used as well.
Longterm Potential
A V2 will likely want to be made specifically for this protocol rather than being a direct Liquity fork and be able to support more assets for borrowing.
Token Utility
Same as $LQTY--stakers earn fees from the protocol.
logo
GT
TVL: $47
24H Vol: $0.01
Dev Pot: $159

Totality - $TOTE

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