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Ripae Finance is an algorithmic stable coin designed to track the value of 1 FTM. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin built to help smooth out price volatility. Ripae Finance is focused on creating a genuine cross-chain algorithmic stable coin system, reinforced by real DeFi use cases.
pFTM (Pegged FTM) serves as the primary token and has an unlimited supply. Note that “unlimited” here is not the same as “infinite”-new pFTM is minted whenever 1 pFTM > 1 FTM (TWAP > 1.01). This expansion is intended to reduce the pFTM price until it aligns with FTM. If 1 pFTM < 1 FTM, pFTM minting halts to avoid pushing the price lower.
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