Home > Discover > ToxicDeer Finance

ToxicDeer Finance

ToxicDeer (DEER) is an anti-deflationary and anti-inflationary crypto project running on the Cronos chain. It draws its inspiration from BasisCash as well as its predecessors, Pegasus, Soup and Tomb Finance. We want to support their protocol by pegging **DEER** to **USDC**, henceforth providing new use cases for **USDC**, as well as increasing ToxicDeer's liquidity on the Cronos ecosystem. Consequently, exposing ourselves to **USDC** also means exposing us to its recent success. As a strong **USDC** supporter, we can attract investors that originate from **USDC** by providing space for their **USDC** LPs in ToxicDeer Finance. Yes, **USDC** is **DEER** and **DEER** is **USDC.**


Categories: Algorithmically Pegged

Tags: Algorithmically Pegged