Ripae is an algorithmic stable coin protocol built on Fantom. Ripae Finance is dedicated to creating a genuine cross-chain algorithmic stable coin system, backed by real-world use within the DeFi ecosystem. PAE (Ripae Cross-Chain Share Token) is central to how it works. $PAE currently has a total supply of 1 000 000 tokens. All tokens are pre-minted and placed under a timelock. Of this amount, 170 000 tokens are set aside to reward liquidity providers over 365 days on Fantom. The remaining portion of the protocol’s share stays in timelock and is moved to every new chain that Ripae launches. Initially, there will be only 1 circulating $PAE, but once the Tellers begin operation, the circulating supply is expected to grow gradually. Holding $PAE means you receive an ownership stake in Ripae Finance and participate in its performance, since fresh $pFTM is minted whenever 1 $pFTM > 1 $FTM (TWAP > 1.01).