Description: Enjoy high yields normally only found on high risk assets, but with exposure to FTM instead! MEDAL is pegged via algorithm to a 1:1 ratio to FTM.
Ultimately, the purpose of the Medal Finance protocol is to provide the means for its underlying MEDAL asset to maintain a value that is algorithmically pegged to the value to FTM at a 1 to 1 ratio. So, what good is that? We will explore this idea further throughout this documentation, but for now without getting too technical, this opens up a world of possibilities for existing, long-time FTM holders, people already familiar with DeFi, as well as new users just coming into the space. FTM transactions are slow and expensive. There are not nearly as many attractive yield earning opportunities in DeFi for people to put their precious FTM to work for them. MEDAL, through the Medal Finance protocol, can solve many of these problems and more, generating immense value for our users in the process. As the Medal Finance ecosystem grows over time, the potential future applications are quite literally endless. And, as you proceed through this documentation and learn more about how the Medal Finance protocol works, we will explore some of that potential in more detail. MEDAL is the native token of the Medal Finance protocol. The built-in stability mechanisms within the protocol aim to maintain MEDAL's peg of 1 MEDAL = 1 FTM in the long run.
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