$OBOL is a pegless asset on Fantom introduced by Based Finance. According to the project, sell and buy taxes and ecosystem utilities (such as the NFTs) will be used to support the price instead, “and there are several aspects we can adjust and model within the protocol to keep both tokens in check and balanced”.
$OBOL is a part of the multi-token protocol Based Next Gen (v2). Obol looks to solve the algorithmic token problem by moving to a pegless model that relies on market forces and value added mechanics for price determination.