Oceanus

An algorithmic stablecoin on Andromeda, pegged to the price of 1 METIS via seigniorage.

## Overview Oceanus is an algorithmic stablecoin protocol deployed on the Metis blockchain. It maintains a peg to 1 METIS through a seigniorage-based mechanism rather than traditional collateralization or centralized reserves. The protocol operates within the Andromeda ecosystem, offering users a price-stable asset tied to Metis layer-2 network activity and value. Unlike fiat-backed stablecoins or over-collateralized protocols, Oceanus uses algorithmic rebasing and monetary policy adjustments to maintain its peg, creating a decentralized stability mechanism that expands and contracts supply ba