The Pickle protocol uses farming incentives, vaults, and governance to bring stablecoins closer to their pegs. By distributing PICKLEs to Uniswap LPs of different stablecoin pools, capital movement between stablecoins is encouraged. pVaults, short for Pickle Vaults, will utilize different active strategies including leveraged flash loans to short off-peg stablecoins, to generate returns for pVault owners and the protocol. PICKLE is also used for governance to control the monetary policy of the system.
