Soft Link

## What is SoftLink (SLINK)? SoftLink (SLINK) was an elastic supply synthetic asset designed to maintain a price peg to Chainlink's LINK token. Unlike traditional collateralized stablecoins, SLINK used a rebasing mechanism to adjust its supply dynamically based on price deviations from the target peg. The goal was to explore the effects of a non-collateralized and non-dilutive price peg by distributing supply changes proportionally across all balances. The project appears to be discontinued, with its official website no longer accessible.

## What is SoftLink (SLINK) used for? SLINK aimed to function as an experimental synthetic asset that maintained a price peg to LINK without requiring collateral. It utilized a monetary policy contract that adjusted supply based on price fluctuations, with rebasing occurring at scheduled intervals. The project featured applications such as "The Sergeyser" (a liquidity mining program), "YIELD" (a yield farming suite), and "Orchestrator" (a tool for executing rebases). SLINK was intended to generate data on the effectiveness of its price stabilization mechanism.