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STATIK is the Thorus protocol stable coin and it serves as a key asset for the platform. Here’s the flow:
A user locks in 1 USDC.e as collateral through the platform UI.The protocol issues 1 STATIK that the user can then Claim.The protocol places 0.8 USDC.e into the Treasury.The protocol takes the remaining 0.2 USDC.e, uses it to market buy THO, and also deposits that into the Treasury.For redemption, the user returns STATIK (which is burned, removing it from circulation) and receives USDC.e back.STATIK is fully supported by crypto reserves, with 100% of its collateral value redeemable at any time. Still, minting doesn’t rely on overcollateralization. STATIK is created using USDC.e at a 1:1 ratio.
Thorus is an all-in-one cross-chain DeFi Platform featuring an adjustable treasury system, built around a token-holder-first approach.
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