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Peak Finance is a protocol built to keep the PEAK token trading at the same value as METIS. In the end, Peak Finance is a modified fork of Tomb Finance. Taking direct inspiration from Tomb Finance, PEAK is intended to be more than a simple stable coin. $PEAK can also serve as collateral for synthetic derivatives, and it can be used to participate in new releases via the upcoming launchpad for emerging DAO and DAC projects. Additionally, pairing an algorithmically pegged token with the token it is meant to track helps lower the chances of suffering Impermanent (divergent) Loss.
PEAK acts as the currency of Peak Finance, generated through the seigniorage process. With its peg to METIS, it supports many use cases not only within Andromeda today, and in the future may be available across any blockchain.
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