⭐️ Stake Fantom, Earn Rewards: https://fantom.foundation/ftm-staking
⭐️ Use FTM to shop on Amazon, eBay, Walmart & Home Depot at https://shopping.io
Description: Tornado utilizes multiple bonding mechanisms at the DAO as well as seigniorage. Stake your TORNADO-WFTM Spooky LP in the Farm to earn HURRICANE rewards. Then stake your earned HURRICANE in the Boardroom to maximize profits!
TORNADO - FTM Pegged Token
TORNADO is an algorithmic stablecoin, pegged 1:1 to FTM. The protocol's algorithm aims to maintain TORNADO's peg of 1:1 TORNADO:FTM in the long run.
HURRICANE - Protocol Shares
HURRICANE shares are one of the ways to measure the value of the HURRICANE Protocol and shareholder trust in its ability to maintain TORNADO close to peg. During epoch expansions the protocol mints TORNADO and distributes it proportionally to all HURRICANE holders who have staked their tokens in the Boardroom. HURRICANE holders have DAO voting rights on proposals to improve the protocol and future use cases within the Hurricane Finance ecosystem.
TBOND - TORNADO Bonds
TORNADO Bond's (TBOND) main job is to help incentivize changes in TORNADO supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of TORNADO falls below 1:1 FTM, TBOND are issued and can be bought with TORNADO at the current price. Exchanging TORNADO for TBOND burns TORNADO tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These TBONDs can be redeemed for TORNADO 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 TORNADO when it is above peg, helping to push it back toward 1 TORNADO to 1 FTM ratio.
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