Variable Time Dollar (VTD) is an algorithmic ERC-20 stablecoin with elastic supply, no collateralization, censorship resistance, and variable epoch length. VTD aims to accelerate the growth of decentralized finance through permissionless composability with DeFi products, stablecoin-like characteristics as an asset, and deep liquidity as its adoption and market capitalization grow. VTD is a fork of Dynamic Set Dollar (DSD), which itself is a fork of Empty Set Dollar (ESD).