Nirvana prANA $PRANA

Nirvana prANA is an innovative project in the realm of cryptocurrency that leverages the concept of negative interest and over-collateralized stablecoin loans, thereby eliminating liquidation risk. The unique aspect of this project is the creation of a proprietary stablecoin pegged to a basket of stables constituting the treasury.

Negative Interest and Over-Collateralized Stablecoin Loans

The distinct feature of Nirvana prANA is the application of negative interest to over-collateralized stablecoin loans. In a typical lending scenario, borrowers are charged a positive interest for the funds they borrow. However, in Nirvana prANA's case, they have reversed this dynamic by implementing a negative interest rate. This novel approach encourages borrowing and promotes economic activity, therefore adding value to the overall system.

Zero Liquidation Risk

Another compelling aspect of the Nirvana prANA project is the elimination of liquidation risk. In traditional finance markets, the liquidation risk can result in significant losses for borrowers. Nirvana prANA has addressed this risk by over-collateralizing its stablecoin loans. This ensures that the value of the collateral always exceeds the value of the loan, thereby effectively eliminating the risk of liquidation.

Pegged to a Basket of Stables

Lastly, Nirvana prANA differentiates itself by creating a stablecoin of their own that is pegged to a basket of stablecoin currencies making up their treasury. This provides stability to their own coin's value, making it less volatile than other standalone cryptocurrencies. It's a significant development in creating a stable and reliable ecosystem for cryptocurrency trading and investing.