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Champion Finance is the first cross-chain elastic, algorithmic token designed to stay tied to $USDC, featuring a rebase mechanism, and it launched first on the Avalanche network. The VIC token, which powers the protocol, aims to maintain a 1 USDC peg. Its market price determines whether the boardroom supply expands or contracts and activates the rebase process. Unlike other algorithmic tokens, VIC is not pegged to a Layer 1 native token; instead, it is pegged to USDC.
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