Q&A
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1. About SuperNova.
SUPERNOVA.CASH is an essential part of the experimental algorithmic stablecoin multiverse built by HIGGS NETWORK. In the Supernova Universe, all participants will experience the origin, expansion and stability of the universe, as well as the birth and evolution of many algorithmic stablecoin stars.
In the past stablecoin protocols often exclusively used either a pure collateral model or a completely unsecured model (algorithmic stability). Pure collateral stablecoins either need to over-collateralize assets on the chain, or have custody risks, and the scale is limited by the amount of collateralized assets; but these designs can provide a fairly stable fixed exchange rate and have a certain degree of credibility. Completely unsecured (algorithmic) stablecoins make up for the shortcomings of collateral-backed stablecoins, do not require trust, are scalable, etc.; however, excessive exchange rate fluctuations limit their application scenarios.
The Supernova Universe will simultaneously use the two stablecoin design models and will be launched in a number of steps.
2. What Wallets support SuperNova?
PC:
MetaMask Wallet
MetaMask is a global community of developers and designers dedicated to making the world a better place with blockchain technology. MetaMask can make you interact with other Dapps.
MetaMask Download Address:
How to install MetaMask, please see the Instructions.
APP:
All Wallets that support HECO Ecosystem can get access to SuperNova.
HECO Wallets:
codebank, Huobi Wallet, tokenpocket, O3...
LP (Liquidity Providers)
A Liquidity provider is an individual or an institution that provides liquidity in SuperNova or other DeFi protocols. They stake their assets in the contracts, so they are called liquidity providers (LP).
LP Tokens (流动性提供者的凭证代币)
LP Tokens are given to Liquidity Providers when they add liquidity to SuperNova asset pools. For example, when you add a certain number of SHARE and sCASH, you will get a certain number of sCASH, SHARE/sCASH LP Tokens. The more you get the LP Tokens, the bigger your proportion is in the Pool.