About Peg Network
Introduction to PEG Tokens
Create an ERC-20 token pegged to any currency, commodity or asset of your choice. It's as easy as depositing collateral and issuing yourself a loan of your customized asset-pegged token.
PEG serves as a network token used to collateralize and stabilize pegged tokens. Any user who deposits PEG Tokens into a Vault can then borrow out other tokens which are pegged to a real-world currency, commodity, or asset of their choice.
PEG Tokens have instant liquidity and can be converted to any ERC20 token via Bancor's Liquidity Network. The PEG token has a 7% weight connector of BNT tokens.
PEG Instance Management
A PEG Instance is the management layer responsible for setting the terms for creating and maintaining an asset-pegged token. The PEG Instance Manager will be responsible for setting price thresholds, establishing terms of debt and reporting updated asset price.
What Makes PEG Different?
- TOKENIZATION: Tokens can be pegged to any underlying currency, commodity or asset.
- BORROW: Utilize your assets to provide yourself a loan against crypto that can be repaid at any time.
- HEDGE: Safely hedge your crypto against an asset-pegged token of your choice.
- LIQUIDITY & TRADING: Instant liquidity between any token-pegged asset and any other ERC-20 token on Bancor's Liquidity Network.
- STABILITY: Aside from usual price stabilizing market mechanics, the PEG Network contains built-in mechanics to maintain the stability of asset-pegged tokens.