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1H1D1W1M
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Ripae Finance is an algorithmic stablecoin that is currently pegged to the value of 1 $FTM. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin designed to enhance price stability. One of the advantages of algorithmic stablecoins is their higher capital efficiency compared to collateralized stablecoins. Ripae Finance aims to leverage its experienced team to further develop the concept of capital-efficient algorithmic stablecoins and build upon previous iterations to expand the ecosystem's foundation.
Issue Time
1970/01/01
Initial Price
US $ --
Circulation/Max
0/36.56K
Dominance
0.00%
ROI --%
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What is the description of the coin?
The coin is an algorithmic stablecoin built on the Fantom blockchain. It is pegged to the price of 1 FTM through seigniorage mechanism.
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