# Malt Stablecoin (MALT)

> Malt is a yield farmable, incentive-centric algorithmic stable coin.  
MALT uses two mechanisms to stabilize. 
1. Bonding LP, Farming LP tokens from the Malt + “Other” AMM pool (e.g. Malt/DAI LP pool) and then receiving rewards in the “Other” token every time Malt climbs above peg. While the price remains stable LPs receive a fixed APY in Malt.
2. Arbitrage auctions, Pledging the “Other” token to arbitrage auctions when the price dips below peg, rewarding the owner with a premium also paid in the “Other” token.

Auctions for the arb tokens last for either 30 minutes or until a pre-specified amount of money is raised. The price of the arb token begins at $1 and decreases continuously across the 30 minutes, or until the desired capital is raised.
Arb tokens are then automatically redeemed for you by the protocol at an equivalent value of $1 per token. This offers a profitable premium on arb tokens purchased below $1.

Further more MALT uses Protocol-controlled value, in our use case we call that Liquidity Extension. The primary use of LE is to aid in supply contraction through participation in the arbitrage auctions. Specifically, during auctions, every single arb token purchased by a participant has a corresponding LE contribution.

## Price Data

- **Current Price**: $1.502e-12
- **Market Cap**: N/A
- **Fully Diluted Valuation**: $939.95
- **Circulating Supply**: N/A
- **Total Supply**: 625954.14B MALT

## Price Changes

- **24h**: +0.01%
- **30d**: +0.07%
- **90d**: -0.16%
- **365d**: +0.01%

## Chain Availability

Available on: polygon

## Resources

- [Website](https://malt.money/)
- [Discord](https://discord.com/invite/6mdxFNZjJQ)
- [Etherscan](https://etherscan.io/token/0x1c40ac03aacaf5f85808674e526e9c26309db92f)
- [Coingecko](https://www.coingecko.com/en/coins/malt-stablecoin)

## Links

- [View on Zerion](https://app.zerion.io/tokens/MALT-f505aeb3-9895-4bb7-88ab-57586acbcc0d)
- [Trade on Zerion](https://app.zerion.io/tokens/MALT-f505aeb3-9895-4bb7-88ab-57586acbcc0d)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset