📖Introduction

The Value of Wisdom Nobody Knows ——《אִיוֹב Iyov》

What is Paradise?

Paradise is the first overcollateralized algorithmic stablecoin protocol driven by community and built on the Base network.

Traditional overcollateralized stablecoin protocols suffer from capital inefficiency, while algorithmic stablecoins, despite solving the problem of capital inefficiency, are generally unable to maintain their stability or even quickly move towards collapse, as they do not have enough collateral as reserves.

Compared to other stablecoin protocols, Paradise breaks the stablecoins' impossible triangle. Paradise has advantages of being decentralised, ultra-stable and capital-efficient at the same time.

Thanks to the combination of algorithms and overcollateralization mechanisms, many things are possible.Paradise is revolutionary for the entire Base and DeFi ecosystem and will give second life to the stablecoin protocol.

In addition, Paradise is a community-driven protocol, and we will listen fully to our community users, and once the protocol is live, the team will delegate authority to the community, and all major changes will be voted on by the community.