Snowbank
SB

219.20
$
0.99 %
Change 24h
Market Cap
$ 34,993,100
Volume 24h
$ 5044.6
Circulating Supply
159640
Total Supply
148,856
SB
$
Description
Snowbank DAO is the decentralized reserve currency protocol available on the Avalanche Network based on the SB token. Each SB token is backed by a basket of assets (e.g., MIM, SB-AVAX LP Tokens etc etc) in the Snowbank DAO treasury, giving it an intrinsic value that it cannot fall below. Snowbank DAO also introduces economic and game-theoretic dynamics into the market through staking and minting.