Nirvana ANA
ANA

$0.05785353

1.47%
  • Market Cap
    N/A
  • 24 Hour Trading Vol
    $78.167
  • Fully Diluted Valuation
    $59,722.028
  • Circulating Supply
    N/A
  • Total Supply
    1,032,297
  • Max Supply
    1,032,297
Nirvana ANA
Nirvana is a twin system of algorithmic wealth & ultra low-risk stablecoin on the Solana network
Socials
Category
DeFi
Nirvana ANA Converter
ANA
1 ANA = $0.05785353
ANA Statistics
  • Nirvana ANA Price
    $0.05785353
  • Trading Volume
    $78.167
  • Market Cap
    $0
Nirvana ANA Price Chart (ANA)

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24h
7d
30d
3M
1Y
YTD
+1.47%
-2.05%
+8.58%
-13.33%
-42.16%
-43.27%
About Nirvana ANA

Nirvana is a twin system of algorithmic wealth & ultra low-risk stablecoin on the Solana network. It produces the ANA token: an algorithmic metastable token that serves as a store of wealth. And it produces the NIRV token: a decentralized superstable store of value. It enables zero liquidation-risk loans of NIRV that have a negative interest rate. You earn yield on your debt. The way it accomplishes this is by transferring the volatile, speculative energy of the ANA token into the backing for the superstable NIRV token.

Nirvana maintains a diverse basket of reserve assets that backs the value of ANA. At any point in time, ANA has an intrinsic value guaranteed by the reserves. The protocol will always buy ANA back at its intrinsic value, and so this value becomes a hard floor price under which the token cannot trade. Users are incentivized to stake their ANA in order to gain periodic rewards. The protocol mints pre-ANA (prANA) tokens at a regular interval, based on the total supply of ANA. These prANA tokens are shared to stakers in proportion to how much they have staked. The result of repeated rewards creates compounding APY for stakers.

ANA can be used as collateral for taking NIRV loans. The NIRV token is a superstable currency that is fully collateralized 1:1 with the intrinsic (floor) value of ANA. Since NIRV loans are priced at the floor value of ANA (which can never be breached), there is zero liquidation risk for these loans.

Nirvana ANA Markets
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