$PEGDsolana

Solana utility token Pegd (PEGD) is a Solana utility token for a stablecoin issuance framework. Pegd (PEGD) is a Solana utility token that supports a white-label stablecoin issuance framework. Users deposit collateral into a vault to mint peg-defined tokens and publish signed proof-of-reserve attestations. The token gates specific actions such as bonding as an attestor and publishing templates to a public registry. Framework mechanics It enables on-chain minting, burning, and attestation for custom pegs. The framework uses an issuance vault where collateral locks trigger minting and burning of tokens at configured ratios. Attestors sign reserve commitments using live prices, and a risk module applies circuit breakers on stress. Yield accrues via Token-2022 interest-bearing extensions without wrappers. Launch and operation It runs on Solana mainnet with a no-code studio for issuers. Pegd operates on Solana mainnet-beta with a live issuance program. A studio wizard lets issuers configure pegs, collateral, yield, and compliance before deploying. Multiple demo stablecoins have already been issued through the system.

AI-written summary, not the project's own copy