Description: Stake your pFTM-FTM LP in the Tellers to earn PAE rewards. Then stake your earned PAE in the Bank to earn more PAE! We are Ripae Finance, an algorithmic stable coin currently pegged to the value of 1 $FTM. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin tailored for improving price stability. The beauty of algorithmic stable coins is that they are much more capital efficient than their collateralized cousins. Ripae finance will with its experienced teamwork towards expanding this idea of capital-efficient algorithmic stable coin and build on previous iterations to expand the basis of the ecosystem. Ripae Finance’s full focus is to build a true cross-chain algorithmic stable coin protocol that is stabilized with true use-cases all around the DeFi Ecosystem.
Ripae Finance works by adding different moving pieces together in a combination of Game Theory in order to facilitate the actions needed in order to algorithmically hold $pFTM pegged to 1 $FTM as close as possible. This means that until the peg of 1 $pFTM = 1 $FTM is fully met, there will be fluctuations both above and below 1 $pFTM = 1 $FTM in order for the value to find each other. Think of it as landing a plane where wind moves the plane up and down while going for the landing, but as soon as the plane has landed, the wind doesn’t matter anymore. The following describes their moving pieces.
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