Monday, February 21, 2022

FDoge Finance - The First Algorithmic Stablecoin on Fantom Opera, Pegged to the Price of 1 FTM via Seigniorage

FDOGE Finance:

Description: Stake your FDOGE-FTM LP in the FARM to earn SDOGE rewards. Then stake your earned SDOGE in the BOARDROOM to earn more FDOGE! FDoge Finance is a combination of decentralized yield protocol native to the Fantom Opera network and meme token favored by Shiba Inus worldwide. FDoge’s token, FDOGE, aims to be the backbone, main medium of exchange and main source of liquidity for the Fantom network and be frequent owned by Fantom users and Doge lovers.

A Decentralized Algorithmic Meme Token that Evolved into a Vibrant Ecosystem on Fantom

The $FDOGE token serves as a money circulation support of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network. Moreover, $FDOGE is also a big meme token which bring entertaining values for users on Fantom Opera. The protocol's underlying mechanism dynamically adjusts $FDOGE's supply, pushing its price up or down relative to the price of $FTM.

Inspired by the original idea behind Basis as well as its predecessors (bDollar and Tomb Finance), Fdoge.finance is a multi-token protocol which consists of the following three tokens:
1. Fdoge ($FDOGE): the algorithmic stablecoin with price pegged to 1 $FTM.
2. Fdoge Shares ($SDOGE): which holders can claim FDOGE reward emission when the network expands.
3. Fdoge Bonds ($BDOGE): which can be purchased at 1:1 rate when the network is in contraction and can be redeemed with premium for FDOGE the network returns to its inflationary state, above the price of 1 $FTM.


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