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Description: Join Dante's epic journey from Inferno to Eden. Dante is a new token pegged to Tomb with future NFT utility. Stake your Grail in Eden to earn inflationary Dante rewards or provide liquidity on pairs and start earning today!
Dante finance is a fork of tomb.finance so we decide to give our support to it pegging $DANTE to $TOMB. DANTE is an algorithmic token pegged to TOMB. The protocol’s underlying mechanism dynamically adjusts DANTE supply, pushing its price up or down relative to the price of TOMB. Dante finance is a multi-token protocol which consists of the following three tokens: Dante ($DANTE), Dante Shares ($GRAIL), Dante Bonds ($DBOND).
DANTE - Dante Token
DANTE token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Dante peg to 1 Tomb (TOMB) token in the long run.
GRAIL - Dante Share
DANTE Shares (GRAIL) are one of the ways to measure the value of the DANTE Protocol and shareholder trust in its ability to maintain DANTE close to peg. During epoch expansions the protocol mints DANTE and distributes it proportionally to all GRAIL holders who have staked their tokens in the Eden (boardroom). GRAIL holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Dante finance ecosystem.
DBOND - Dante Bond
DANTE Bonds (DBOND) main job is to help incentivize changes in DANTE supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of DANTE falls below 1 TOMB, DBONDs are issued and can be bought with DANTE at the current price. Exchanging DANTE for DBOND burns DANTE tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 TOMB. These DBOND can be redeemed for DANTE when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for DANTE when it is above peg, helping to push it back toward 1 TOMB. All holders are able to redeem their DBOND for DANTE tokens as long as the Treasury has a positive DANTE balance, which typically happens when the protocol is in epoch expansion periods.
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