1SD Protocol

1SD Protocol, 1 Set Dollar is a decentralized elastic supply stablecoin, uses an algorithmic approach to maintaining price stability around a 1 USDC target. 1SD is completely decentralized on-chain governance. The protocol launched with no pre-mine for the founding team!!! Fundamentally, the core functionalities of 1SD have been designed specifically to be evolutionary over predecessors such as DSD/ESD rather than revolutionary. Firstly, more frequent epochs: This an important cog in the system due to allowing the ability to react much faster to price discrepancies. An Epoch is defined every 4 hours, or 6 Epochs in 24 hours. This helps price stabilisation immensely and more accurately reflects market demands. Secondly, updating the supply change formula: By implementing a dynamic supply system that is not artificially capped, unlike ESD, we are able to adjust and adapt supply more directly in line with supply side forces. With 2 times as many epochs per day, the supply expansion / contractions are much smoother when averaged out, resulting in a much better experience for users.