Kandyland is a decentralized protocol based on the KANDY token — collateralized and backed by the Kandyland DAO. KANDY will be the reserve currency of Avalanche. In order to maintain price stability, Kandyland uses the Algorithmic Currency Protocol and is also supported by other decentralized assets. Kandyland is developing an ecosystem that will consist of various innovative developments and applications that will aim to make it a unique player in the DeFi ecosystem. Kandyland is community-owned; KANDY holders decide on Kandyland's future via on-chain voting.