⭐️ Stake Fantom, Earn Rewards: https://fantom.foundation/ftm-staking
⭐️ Use FTM to shop on Amazon, eBay, Walmart & Home Depot at https://shopping.io
Description: Rubik utilizes multiple bonding mechanisms at the DAO as well as seigniorage. Stake your RUBIK-WFTM LP in the Farm to earn RSHARE rewards. Then stake your earned RSHARE in the Boardroom to maximize profits!
RUBIK - FTM Pegged Token
RUBIK is an algorithmic stablecoin, pegged 1:1 to FTM. The protocol's algorithm aims to maintain RUBIK's peg of 1:1 RUBIK:FTM in the long run.
RSHARE - Protocol Shares
RUBIK shares are one of the ways to measure the value of the RUBIK Protocol and shareholder trust in its ability to maintain RUBIK close to peg. During epoch expansions the protocol mints RUBIK and distributes it proportionally to all RSHARE holders who have staked their tokens in the Boardroom. RSHARE holders have DAO voting rights on proposals to improve the protocol and future use cases within the Rubik Finance ecosystem.
RBOND - RUBIK Bonds
RUBIK Bond's (RBOND) main job is to help incentivize changes in RUBIK supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of RUBIK falls below 1:1 FTM, RBOND are issued and can be bought with RUBIK at the current price. Exchanging RUBIK for RBOND burns RUBIK tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These RBONDs can be redeemed for RUBIK 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 RUBIK when it is above peg, helping to push it back toward 1 RUBIK to 1 FTM ratio. Contrary to early algorithmic protocols, RBOND do not have expiration dates.
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