SuperNova.Cash (Supernova Cash) is a crucial component of the experimental algorithmic stablecoin multiverse built by HIGGS NETWORK. In the Supernova universe, all participants will experience the origin, expansion, and stabilization of the cosmos, along with the birth, evolution, and demise of numerous algorithmic stablecoin planets. Previous stablecoin protocols typically included either pure collateralized models or entirely non-collateralized models (algorithmic stability). Pure collateralized stablecoins either require over-collateralization of on-chain assets or involve custodial risks, with their application scale limited by the amount of collateral; however, these designs provide relatively stable fixed exchange rates and a certain level of credibility. Fully non-collateralized (algorithmic) stablecoins address the shortcomings of pure collateralized stablecoins, being trustless and scalable; yet, excessive exchange rate volatility limits their practical applications. The Supernova universe will encompass both stablecoin design paradigms, with different stages opening up over time.
SuperNova.Cash consists of the sCASH/SHARE dual-token model and the price stabilization fund sFUND,
SHARE: The universal equity in the algorithmic stablecoin universe, SHARE can earn rewards across different algorithmic stablecoin planets, such as LPs holding SHARE/sCASH earning sCASH dividends during sCASH rebase events.