Combining the most successful elements of the legendary Tomb Finance algorithmic token project on Fantom with the newly created Toxic Deer on CRONOS, Raging Bull Finance is an algorithmic stablecoin, pegged to the price of 1 USDC.
The algorithm helps to increase the supply in case of a deflationary trend of the token or reduce the supply in case of a decrease in the purchasing power of the token. Thus, the supply and demand of the BULLUSD token is balanced, which helps to maintain its peg to $1.00.
Raging Bull Finance — a multi-token protocol, consisting of the following three tokens:
| BULLUSD | algorithmic token, pegged to USDC.e. |
| BULLSHARE | holders can demand BULLUSD inflation as the network expands. |
| BULLBOND | can be bought when the network shrinks and exchanged for BULLUSD when the network enters a deflationary phase. |
The underlying mechanism of the protocols dynamically adjusts the BULLUSD supply, raising or lowering its price, relative to the USDC price. The peg should remain at $1, however, the times may be there, when USDC.e loses its peg and if the protocol is working properly, BULLUSD will follow USDC.e to maintain a 1:1 peg.
the second line of defense on top of the communication mechanism. The War Chest is controlled by the developers and will later move into a governance system to vote on the use of funds in certain areas of the project and beyond, including investments, marketing, etc.