OrderNChaos(ONC) is a twin system of algorithmic stable coins which borrows the idea of Nirvana on the Solana network. ONC protocol is currently on the Avalanche network. ONC produces the $CHAOS token: an algorithmic metastable token that serves as a store of wealth. And it produces the $ORDER token: a decentralized superstable store of value.
The native store of wealth produced by ONC is the $CHAOS token. It is a partially collateralized, volatile metastable token. The price of $CHAOS is limited by a rising floor, backed by a diversified basket of stablecoins. The effect is that $CHAOS can trade above the floor, but can never trade beneath the floor. It has limited downside, but unlimited upside.
$CHAOS generates yield through staking rewards. Holders of $CHAOS may choose to stake it with the protocol and earn regular $prCHAOS reward tokens. These $prCHAOS tokens are options to buy additional $CHAOS at the current floor price. Realizing $prCHAOS tokens to purchase more $CHAOS that gets staked creates a compounding APY, where the rewards are re-invested into the user's principal.
