Summary

We have described the WLDT Stabilization Protocol. To keep the price of WLDT stable, the protocol adjusts the supply of WLDT in response to changes in demand. The protocol ensures it always has enough backing to repurchase the supply of WLDT through a fully collateralized vault consisting of carefully chosen on-chain assets. Overall we expect this design to result in a stablecoin that balances decentralization, scalability, and stability, and represents the most promising path forward to a feature-complete global cryptocurrency.