Ftom Finance Protocol — an algorithmic stablecoin, tied to $F, working on the Fantom Opera network.
About the FTOM Finance project
Ftom Finance Protocol is designed by the FTOM Protocol as an algorithmic stablecoin in Fantom Opera Network. The $ FTOM algorithmic token serves as supported by a fast-growing ecosystem, aimed at providing liquidity and new use options on the Opera network. The mechanism, underlying the protocol, dynamically regulates $ FTOM supply, increasing or lowering its price relative to the price of $ FTM. It is inspired by the original idea of Basis, as well as its predecessors (BDOLLAR and TOMB Finance).
Ftom.Finance is a protocol with several tokens, which consists of the following three tokens:
| Ftom ($FTOM) | Algorithmic stablecoin, the price of which is tied to $ FTM. |
| Shares of the Ftom ($FSHARE) | What holders can apply for FTOM remuneration while the network expands. |
| Bonds of the Ftom ($FBOND) | They can be purchased at the rate of 1:1, when the network is in a state of abbreviation, and they can be redeemed with the FTOM premium when the network returns to its inflationary state, above the price of 1 dollar FTM. |
If $FTOM is able to hold the binding, it will create a mirror liquid asset that can be moved and sold without restrictions, while gaining benefits from increasing the price of $ FTM native token. Achieving bonding and retention of the binding is crucial, and this will ultimately be determined by the value of $ FTOM for investors.
If you are in a vault with automatic compounding $ FTOM-FTM LP, you create customer pressure on $ FTOM. If you are in a vault with automatic $ FShare-FTM LP accrual, and you also hold $ FShare elsewhere, the vault with automatic interest accrual will suppress its price because it sells $FShare constantly.
Additionally about defi app
The debt phase occurs in the extension era, which begin after the reduction period, when there is still FBOND to buy. 65% of the expansion at the debt stage go to the treasury fund to prepare for the repayment of FBOND. This amount is still reserved regardless of whether the holders of FBOND bonds are repurchased or not. As soon as the FTOM in the treasury is filled enough to cover all bonds in circulation, the expansion rate will be resumed in normal mode.