Dante Finance is a fork of tomb.finance, so the developers decided to support it by binding $DANTE to $TOMB.
DanteFinance has decided to use TOMB Finances idea to implement Genesis pools to provide initial distribution of DANTE tokens.
DANTE — an algorithmic token, linked to TOMB. The underlying mechanism of the protocol dynamically adjusts the DANTE supply, raising or lowering its price relative to the TOMB price.
Dante Finance — a multi-token protocol that consists of the following three tokens:
| 1. | Dante ($DANTE). |
| 2. | Dante Shares ($GRAIL). |
| 3. | Dante Bonds ($DBOND). |
The DANTE token is intended to be used as a medium of exchange. The stability mechanism, built into the protocol, aims to maintain Dante's peg to the 1 Tomb (TOMB) token in the long term.
DANTE (GRAIL) shares — one way to measure the value of the DANTE protocol and shareholder confidence in its ability to keep DANTE close to anchor.
The primary purpose of DANTE Bonds (DBOND) - to help to drive change in the DANTE offering during the shrinking era. Swapping DANTE for DBOND burns DANTE tokens, taking them out of circulation (deflation) and helping to restore the price to 1 TOMB. These DBONDs can be exchanged for DANTE when the price breaks the peg in the future, as well as additional incentive for staying above the peg longer.