Hotpot is an experimental protocol that blends food memes, programmable funds, and crops. It features:
An algorithmic monetary policy inspired by Basis and Carbon.money, aimed at achieving ultimate price stability.
A fair and familiar issuance mechanism inspired by YFI, YAM, and SushiSwap.
Essentially, Hotpot implements a simplified version of an algorithmic bank: when the token price is above the target, more tokens will enter circulation through accelerated staking rewards; when the price is below target, supply increases will be paused, and incentives will be put in place to withdraw tokens from circulation to re-establish the price peg.