Nirvana prANA
Nirvana prANA
Nirvana is the decentralized platform for ANA - a store of wealth with a reserved-backed rising floor. When ANA appreciates, the floor price automatically rises, locking in gains for holders in perpetuity. The more valuable ANA becomes, the greater its guaranteed value. The floor never goes down. Its price is essentially permanently locked liquidity for ANA. The result is a token which has asymmetric risk/reward: the upside is unlimited, while the downside is capped by the floor. The floor price of ANA is guaranteed by Nirvana's protocol-owned liquidity Nirvana is able to guarantee a minimum price for all ANA tokens by owning the liquidity as a protocol. All ANA originates from the Nirvana market. The governance token for Nirvana is prANA. It is earned by depositing ANA into the Nirvana system. The rate at which prANA rewards accrue to ANA deposits is governed through community-driven governance. While the primary purpose of prANA tokens is governance, they also serve as perpetual options for ANA with built-in value. When used as options, prANA has the following properties: Perpetual: prANA tokens never expire and can be used at any time. Dynamic Strike Price: The cost to exercise a prANA token is the current floor price of ANA. Always Profitable: prANA tokens are never “out of the money” because the strike price (floor price) is always equal to or below the market price of ANA.
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