Equation Finance - an algorithmic stablecoin that is currently pegged to the value of 1 FTM.
Decentralized exchange Equation Finance
EquationFinance will work with its experienced team to expand on the idea of a capital efficient algorithmic stablecoin and build on previous iterations to expand the foundation of the ecosystem.
Genesis pools will be the only way to earn $ESHARE first. EquationFinance is a 100% fair launch, which means that no tokens are issued in advance to any particular party.
Genesis pools will consist of the following participants with the same odds:
| $FTM ($ wFTM) | 25%. |
| $ ETH ($ wETH) | 25%. |
| $ USDC | 25%. |
| $TOMB | 25%. |
Users, incentivizing the farm, provide liquidity and, in turn, will get the only way to earn $ESHARE right from the start. These farms will distribute $ESHARE for 365 days.
Project tokens
$EQU (pegged FTM) - the main token with an unlimited supply. Keep in mind that the supply is unlimited, not infinite, which means new $EQUs will be minted as soon as 1$pFTM > 1$FTM (TWAP > 1.01). This is done to increase supply, so the price will go down and meet its soul mate, $FTM.
$ESHARE (shared Equation Cross-Chain token) is the heart of the operation. The total current supply of $ESHARE tokens is 1,000,000. They are all pre-minted and time-locked.
$EBOND (Bond FTM) - collectors, those that reduce the $EQU supply while 1$EQU < 1$FTM.