FDoge Finance — a combination of the decentralized yield protocol, native to the Fantom Opera network, and the meme token, favored by Shiba Inus around the world. The FDoge token, FDOGE, is intended to be the foundation, primary medium of exchange and primary source of liquidity for the Fantom network, and is often owned by Fantom users and Doge lovers.
About FDoge Finance
The $FDOGE token serves as a means of supporting the circulation of money in a rapidly growing ecosystem, focused on providing liquidity and new use cases on the Opera network. In addition, $FDOGE is also a major meme token that brings entertainment value to Fantom Opera users. The underlying mechanism of the protocol dynamically adjusts the $FDOGE supply, raising or lowering its price relative to the $FTM price.
Inspired by the original idea of Basis as well as its predecessors (bDollar and Tomb Finance), Fdoge.finance is a multi-token protocol that consists of the following three tokens:
| Fdoge ($FDOGE) | algorithmic stablecoin, the price of which is pegged to 1 $FTM. |
| Fdoge stock ($ SDOGE) | holders may qualify for FDOGE rewards when expanding the network. |
| Fdoge bonds ($BDOGE) | they can be purchased at a 1:1 rate when the network is in a state of contraction. They can be redeemed at a FDOGE premium when the network returns to its inflationary state, above the $1 FTM price. |
FDoge Finance has created a mirror and liquid asset for FTM that is interchangeable with FTM. The FTM alternative will create more use cases in the ecosystem, such as participating in FTMpad, Fantom's launch pad, while keeping the amount of FTM available for staking. Moreover, FDoge Finance - the first project to combine an algorithmic stablecoin and the #Meme token. On the Farms page, you can stake LP tokens (liquidity providers) to earn SDOGE on farms. There are currently 2 available pools: FDOGE-FTM and SDOGE-FTM. In order to receive LP tokens, you must ensure the liquidity of the corresponding pair on the platform.
More about defi app
The DAO fund — the second line of defense on top of the bond mechanism. The DAO Foundation is controlled by the developers and will later move to a governance system. This will allow voting on the use of funds in certain areas of the project and beyond, including investments, marketing, etc.
When FDOGE TWAP is extremely high, DAO will sell some FDOGE to help to get back to peg and prepare its reserves for redemption below 1. The fund may or may not invest in safe projects to generate income and grow at the discretion of the team.