Nacho Finance was inspired by tomb.finance and is a seigniorage style algorithmic stablecoin protocol designed to bring high APRs, with low fees, to Ethereum holders on the Polygon Network.
Nacho Finance is a multi-token protocol that consists of the following three tokens:
- Nacho Shares (NSHARE) (Governance & Measure of protocol value)
- Nacho Token (NACHO) (Medium of exchange)
- Nacho Bonds (NBOND) (Change NACHO supply during contraction periods)
NACHO Shares (NSHARE) are one of the ways to measure the value of the NACHO Protocol and shareholder trust in its ability to maintain NACHO close to peg. During epoch expansions the protocol mints NACHO and distributes it proportionally to all NSHARE holders who have staked their tokens in the Bowl. Additionally, NSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the NACHO money ecosystem.
The NACHO algorithmic token serves as the backbone of our growing ecosystem aimed at bringing high APRs to ETH holders on the Polygon Network. The protocol's underlying mechanisms dynamically adjust NACHO's supply, pushing its price up or down relative to the price of ETH in order to keep NACHO's peg to the ETH price.
NACHO Bonds (NBOND) main job is to help incentivize changes in NACHO supply during an epoch contraction period.
What is the highest value NSHARE (NSHARE) has ever reached?
NSHARE (NSHARE) reached its peak price at 3,316.12 $ on 01 January 2022, approximately 4 years ago ago. Presently, the current price is -99.99% lower than this all-time high.
What is the historical minimum price for NSHARE (NSHARE)?
The minimum price reached for NSHARE (NSHARE) was 0.08342 $, documented on 26 January 2025, more than a year ago. In comparison, the current price is 2.82%, it above this historical low.
What is the fully diluted valuation of NSHARE (NSHARE)?
The fully diluted valuation (FDV) of NSHARE (NSHARE) stands at $ 52,142. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,001 NSHARE tokens. The realization of this FDV might take several years depending on the emission schedule of NSHARE tokens.