Description: Stake your TP-FTM-LP in the urinal to earn TPSHARE rewards. Then stake your earned TPSHARE in the toilet to earn more TP!
What differentiates $TP from other algorithmic tokens?
Unlike previous algorithmic tokens, $TP is not pegged to a stable coin— it is instead pegged to $FTM. Why is this? ToiletDAO believes in the potential of Fantom Opera, and has chosen to align its mission to both provide value to and derive value from $FTM's future growth. FTM is deflationary so it only makes sense that as it get scarcer over time, derivatives of it will flourish.
ToiletDAO is an algorithmic stable coin protocol pegged to the price of 1 FTM. The protocol's underlying mechanism dynamically adjusts TP's supply, pushing its price up or down relative to the price of FTM. Much like Tomb, ToiletDAO is a multi-token protocol which consists of the following three tokens: TP ($TP), TPshares ($TPshare), TPBonds ($TPBonds). One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the ToiletDAO team will maintain a focus on innovation around enhanced functionality and use cases.
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