Description: Stake your MEDU-FTM LP in the CEMETERY to earn MSHARE rewards. Then stake your earned MSHARE in the MASONRY to earn more MEDU! The $MEDU algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network. The protocol's underlying mechanism dynamically adjusts $MEDU's supply, pushing its price up or down relative to the price of $FTM. Inspired by the original idea behind Basis as well as its predecessors (bDollar and soup), Medusa.zone is a multi-token protocol which consists of the following three tokens: MEDU ($MEDU), MEDU Shares ($MSHARE), MEDU Bonds ($MBOND).
Why Medusa.zone?
Why have a token that’s pegged to the price of $FTM when you could just use $FTM itself instead? Good question. But before we dive into what $MEDU could mean for you as an investor, let’s break down the potential impact of $MEDU’s long-term success on the Fantom ecosystem as a whole. For Fantom to continue running as the fast, secure, and cost-effective blockchain we all know and love, its validator nodes will continue to rely on its $FTM token remaining staked and locked up. $FTM is distributed as a reward to validator nodes, which will continue to increase in number to sustain the network's growth, whereas the $FTM token itself has a fixed maximum supply. At the time of writing this, the staking requirement for a validator node requires 3,175,000 $FTM, and "if the rewards stay at the current levels (depending on governance decisions), it will take more than two years to distribute all the rewards and to reach a full circulation of the total supply... and All the tokens taken together will never exceed the total cap of 3.175 billion FTM."
So if $FTM is intended to be "ideal for sending and receiving payments" as a decentralized alternative to stablecoins, what will happen when there just isn’t enough Opera-native $FTM to go around? If $MEDU succeeds in holding the peg, this will create a mirrored, liquid asset that can be moved around and traded without restrictions, all while benefiting from the price appreciation of the native $FTM token. Reaching the peg and holding the peg is crucial, and this will ultimately be what drives the value of $MEDU for investors. In the short term, this would mean attractive APRs for liquidity providers on what would essentially be a stable pair. So, once a liquid market is the norm, what happens next? What are some other reasons you’d want to hold $MEDU? $MEDU aims to become the primary utility token of the Fantom ecosystem, and by demonstrating its role in Launchpad, GameFi and Metaverse Project’s. The selection, development, and deployment of the next generation of Fantom DeFi projects will be decided by those who hold $MSHARE, $MEDU’s governance token (affectionately referred to as “the money printer” by gravediggers). Oh, and we’re just getting started.
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