Empty Set Dollar (ESD) is an attempt to build an algorithmic stablecoin, borrowing a few concepts from projects like Basis. ESD has an elastic supply; new tokens are minted when the token is trading above $1. 

Kyle Samani

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Trading Pair	1h	24h	7d	1m	3m	1y
ESD/USD	0.50%	2.23%	2.65%	3.34%	−16.50%	−16.75%
ESD/BTC	0.11%	6.81%	−3.91%	4.73%	9.80%	5.86%
ESD/ETH	−0.11%	7.21%	−3.93%	5.54%	27.98%	−10.05%
ESD/Algorithmic Stablecoins	0.45%	2.46%	2.73%	4.15%	−13.81%	51.49%


Uniswap V2 (Ethereum)	ESD/USDC	$0.000282	$38.03	50.081%	Recently
Uniswap V2 (Ethereum)	ESD/SFI	$0.000285	$37.91	49.919%	Recently

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