Insight into Rebase tokens: Asymmetric opportunities become game windows, contractions more common than expansions

Non-dilutive elastic supply models have gone viral in the crypto community. This economic model is called Rebase, its core structure can be broadly described as: within a certain period, when the market price deviates from the benchmark price or deviates from the benchmark price by a certain range, smart contracts will directly or indirectly increase/decrease token supply to drive the market price back to the benchmark price. Tokens adopting the Rebase supply model aim to maintain relatively stable coin prices, therefore, these tokens are also classified as algorithmic stablecoins.