Description: The best algorithmic stablecoin on Fantom Opera, pegged to the price of 1 FTM via seigniorage. Stake your DJONES-FTM LP in the Ship O' Undead to earn DJONES rewards. Then stake your earned DJONES in the Locker to earn more JONES! The "plug-and-play" method is detailed below. Also, take some profits along the way. Don't get too greedy.
If $JONES is OVER the peg:
1. Buy JONES to pair it with $FTM and provide liquidity then stake the JONES-FTM LP tokens in the plank to earn DJONES rewards.
2. Then take your DJONES rewards and stake it in the locker to earn more JONES.
3. Sell half of your earned JONES for FTM and compound it back into JONES-FTM LP = Profit!
If $JONES is UNDER the peg:
1. Buy JONES then exchange it for JBOND. If you're LP'ing you can break the LP to exchange JONES for JBOND, and use remaining FTM to buy JONES to exchange for JBOND now you'll be sitting on a fat stack of JBOND and this has helped bringing JONES back above peg so that the locker can continue printing.
3. Selling JBOND for redemption bonus once JONES is back over peg (above 1.1 TWAP) = Profit!
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