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OtterClam

OtterClam summary

What is OtterClam? OtterClam is the first decentralized reserve memecoin protocol on Polygon Network based on the CLAM token. Each CLAM token is backed by a basket of assets (e.g. MAI/QUICK/MATIC) in the Otter's treasury, giving it an intrinsic value that it cannot fall below. OtterClam also introduces economic and game-theoretic dynamics into the market through staking and bonding. OtterClam is a fork of OlympusDAO on Polygon network. What is the point of OtterClam? Most memecoins do not have any tokenomics built inside. Investors will suffer from large volatility and have a significant chance toward zero. The Otter King (or the world?) noticed that the OlympusDAO creates the strongest tokenomics of the DeFi world. We decide to bring the bonding and protocol-owned liquidity to the otter’s kingdom! Our goal is to build a policy-controlled memecoin system, in which the behavior of the CLAM token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that CLAM can function as a global unit-of-account and medium-of-exchange memecoin. In the short term, we intend to optimize the system for growth and wealth creation.