An infrastructure for plug-and-play algorithmic finance

$P is an algorithmic price-stable assetization protocol acting as an accessible DeFi toolkit. It enables the creation of stablecoins pegged to specific real-world assets, such as national currencies or commodities.

$P Protocol

Algorithmic stablecoin
enabling sustainable DeFi

$P USD (USDN) is an algorithmic stablecoin pegged to the US dollar and backed by WAVES. Leveraging the staking model of the Waves protocol’s underlying consensus algorithm, USDN staking yields a sustainable reward of up to ~ 15% APY.


Trade national currencies on a decentralized exchange

Decentralized Forex (DeFo) is an extension on top of the $P protocol that facilitates instant swaps of stable-price assets tied to popular national currencies, indices or commodities.


Influence the $P protocol's development with NSBT token

$P Token (NSBT) enables its holders to influence decisions concerning the $P protocol, product and feature roadmap, as well as changes to governance parameters.