What is the YAGGR token?
Non-custodial reserve and payment currency used for creation of YAGGR BONDS
The goal of YAGGR is to build a policy-controlled currency system, in which the behaviour of the YAGGR token is controlled at a high level through governance.
YAGGR can function as a global unit-of-account and medium-of-exchange currency whilst still enabling the system for growth and value creation by investing in YAGGR BONDS.
YAGGR BONDs are backed by baskets of assets, including tokenised real world assets such as EnreachDAOs nFIAT, giving each Bond an intrinsic value that it cannot fall below.
YAGGR BONDs absorb dormant or dying liquidity on decentralised exchanges of assets approved through MACRO governance with two main strategies for token holders swapping into YAGGR BONDs: bonding, staking and lending.
Bonding provides YAGGR-nFIAT LP by swapping permissible assets (approved by governance) and nFIAT; in exchange for a discounted LP token asset.
Staking enables RFI BOND holders to develop passive income strategies by depositing YAGGR-nFIAT LP tokens onto the ERC4626 Yaggr Liquidity Network to yield MACRO, that enables high level governance control of YAGGR policies and backed by yield bearing EPX tokens
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