PANews reported on December 17 that the algorithmic stablecoin protocol Nirvana Finance announced that its V2 version will be officially open to the public at 2 am Beijing time on December 18 (18:00 UTC time on December 17). This restart not only completed the full compensation of the victims' funds in the 2022 hacking incident, but also introduced a new security, governance and token economic model.
In addition, Nirvana V2 launched a market-driven minting (MDM) framework, which ensures that the ANA token has upside potential and limited downside risk through a reserve-backed price floor mechanism. The protocol also plans to gradually expand to assets such as BTC and SOL.
