algorithmic stablecoin on Avalanche.CAT is an algorithmic stablecoin on Avalanche, pegged to the price of 1 AVAX via seigniorage. The $KITTY algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the AVAX network. The protocol's underlying mechanism dynamically adjusts $KITTY's supply, pushing its price up or down relative to the price of $AVAX.