True Seigniorage Dollar (TSD) is an algorithmic stablecoin designed to serve as a reserve currency in decentralized finance. TSD comprises multiple mechanisms within a protocol, featuring:
- Decentralization – Upgradable only through on-chain token governance;
- Self-stabilization – Utilizing on-chain price oracles;
- Synthetizability – The token is a standard ERC-20 token, serving both as a stablecoin and a governance token;
- Selective supply adjustments – All supply adjustments are incentivized and voluntary.
