2Doge Finance — the second token in the $FDOGE Finance ecosystem, which is a combination of an algorithmic stablecoin on the Fantom Opera network and a meme token, favored by Shiba Inus worldwide.
About 2Doge Finance
The 2Doge token is intended to be the second choice, alternative medium of exchange and source of liquidity for the Fantom network, and is often owned by Fantom users and Doge lovers. Moreover, it opens up a new use case for $FDOGE and $SDOGE tokens in the ecosystem, as they can be used for farming in 2Doge Finance. Inspired by the original idea of Basis as well as its predecessors (2Omb and 3Omb of Tomb Finance), 2doge.finance is the next token in the FDoge Finance ecosystem that also combines 3 tokens.
| 2doge ($2DOGE) | algorithmic stablecoin, the price of which is pegged to 1 FTM dollar. |
| 2doge ($2SDOGE) stocks | holders can qualify for 2DOGE rewards when expanding the network. |
| 2doge ($2BDOGE) bonds | they can be purchased at a 1:1 rate when the network is in contraction and can be redeemed at a premium for 2DOGE when the network returns to its inflationary state, above the $1 FTM price. |
2DOGE — an algorithmic token, produced by 2Doge Finance, pegged to 1 FTM via seigniorage. The token is intended to be used as a medium of exchange to support on-chain liquidity on Fantom.
There are currently 5 available pools: 2DOGE-FTM, 2SDOGE-FTM, FDOGE-FTM, SDOGE-FTM and 2DOGE-2SDOGE. In order to receive LP tokens, you must ensure the liquidity of the corresponding pair on the platform. 2BDOGE (bond tokens) are available for purchase when 2DOGE drops below the 1 FTM peg. If TWAP 2DOGE is between 1.00 and 1.01, neither 2BDOGE nor 2DOGE is issued. 2BDOGE (bond tokens) are available for redemption when 2DOGE exceeds 1 FTM pegging.
More about defi app
2SDOGE holders have voting (governing) power over proposals to improve the protocol and future use cases in the 2Doge financial ecosystem. 2SDOGE stakers also receive 2DOGE after each epoch expansion. During an epoch extension (when TWAP is the time-weighted average price of 2DOGE above the $1 FTM peg), the protocol releases 2DOGE and distributes it equally to all 2SDOGE holders who staked their tokens.