Key Features

1. Backed by wstETH and $PONZIE

• Atlas’s reserves are held in wstETH (wrapped staked ETH) and $PONZIE, providing a stable and diversified asset base.

2. Bond Sales and Buybacks

• Unlike traditional models, Atlas issues bonds in wETH, with proceeds reinvested to acquire Atlas tokens on the open market. This process bolsters the asset’s value and liquidity, creating a sustainable growth cycle.

3. Differentiated from OHM

• Whereas protocols like OHM mint new tokens above backing to sell bonds, Atlas leverages buybacks, using bond revenue to support the Atlas token’s value directly.