Atmos is an entirely decentralized, open-source, permissionless protocol that operates on the Aurora chain. The protocol aims to provide an automated stablecoin mechanism, with minimization of control and human influence, which brings decentralized and algorithmic money to the entire space of the blockchain.
Atmos includes 2 tokens in the protocol ecosystem: Atmos token "ATM" and Atmos stablecoin "aUSD".
The protocol design distinguishes the following features:
aUSD - an automated, fractional-algorithmic token with a floating/unbacked supply, meaning that the part of the supply is backed by the collateral and a part stays algorithmic. Atmos Protocol issues aUSD, which attempts to target a particular price index ($1 value), using a targeting mechanism. If aUSD is trading at above $1, the protocol decreases the collateral ratio. If aUSD is trading at under $1, the protocol increases the collateral ratio.