Sunday, March 6, 2022

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

ZombI Finance:

Description: Stake your ZOMBI-FTM LP in the Farms to earn SZOMBI rewards. Then stake your earned SZOMBI in the Boardroom to earn more ZOMBI! The $ZOMB algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity. The protocol's underlying mechanism dynamically adjusts $ZOMB's supply, pushing its price up or down relative to the price of 1 $FTM. Zombi Finance is a multi-token protocol which consists of the following three tokens: ZOMB Token ($ZOMB), ZOMB Shares ($SZOMB), ZOMB Bonds ($BZOMB).

What differentiates $ZOMB from other algorithmic tokens?
Unlike previous algorithmic tokens, $ZOMB is not pegged to a full value of a token — it is instead pegged to 1 $FTM. Due to the price of $FTM increasing dramatically over the months, pegging to a full $FTM value has been more challenging since the USD value of the token has been increasing. Zombi Finance 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.


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