The uAD ecosystem consists of multiple tokens, which can be broadly categorized into three separate categories:
- Primary Tokens - the main user-facing tokens. 95%+ of the users of the system need to be concerned only with those. They drive the main functionality of the system.
- Auxiliary Tokens - more intricate tokens which are used in the core stabilization mechanics of the uAD. Only users who wish to participate in the stabilization of the system are concerned with those.
- Technical Tokens - tokens used to represent technical aspects of the system such as voting power. Users need not be concerned with managing those tokens.
uAD - the main token and the core utility of the system. An algorithmic stable coin pegged to the US Dollar at a ratio of 1:1.
UBQ - the governance token for the uAD system, as well as for other projects developed by the Ubiquity team. Used for voting and revenue share from all connected systems.
uDEBT - a non-fungible token obtained by burning uAD when the value of uAD is below 1 USD. Represents a claim to future uAD tokens minted in the future. Has an expiration date.
uCR- a fungible linearly depreciating version of uDEBT.
uBOND - a fungible and non-depreciating version of uDEBT, generally used as a line of credit for contributors.
LP tokens - tokens obtained by providing liquidity to the uAD/3CRV pool
Voting Power - a token representing votes held by an individual. This token is obtained by staking UBQ token in the governance module for a certain duration.
Bonding Shares - a token that represents a perpetual claim to a percentage of all newly minted uAD after all outstanding uDEBT and uAR are paid off. This token is obtained by staking LP tokens in the bonding contract.