What Is Ripae Finance?
They are Ripae Finance, a cross-chain algorithmic stable coin pegged to each native chain they are deployed on. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin tailored for improving price stability. The beauty of algorithmic stable coins is that they are much more capital efficient than their collateralized cousins.
Ripae finance Coin will, with its experienced team, work towards expanding this idea of capital-efficient algorithmic stable coin and build on previous iterations to expand the basis of the ecosystem. They full focus is to build a true cross-chain algorithmic stablecoin protocol that is stabilized with true use-cases all around the DeFi Ecosystem. They started on Fantom and with the partnership of Multichain.org, the main token $PAE is now available on multiple EVM chains.
Ripae Finance Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Ripae Finance |
| Short Name | N/A |
| Total Supply | 10,000,000,000,000 |
| Max Supply | 10,000,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
PMATIC Price Live Data
The live Ripae pMATIC price today is $0.457441 USD with a 24-hour trading volume of $16,902.64 USD. They update our PMATIC to USD price in real-time. This is up 2.10% in the last 24 hours. The current CoinMarketCap ranking is #4976, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Ripae pMATIC at the current rate, the top cryptocurrency exchange for trading in This stock is currently QuickSwap. You can find others listed on crypto exchanges page.
$PAE
$PAE (Ripae Cross-Chain Share Token) is the heart of the operation. $PAE has a current total supply of 1 000 000 tokens across all chains. These are all pre-minted and under a timelock (see contract page). 170 000 of these will be rewarded to liquidity providers during 365 days on Fantom. 170 000 of these will be rewarded to liquidity providers during 365 days on Avalanche.
The rest of the protocol-specific share will be held in timelock and transferred to each new chain that Ripae launches on. By owning $PAE, you not only own a piece of Ripae Finance, but you also get a part in its success by minting fresh Native Chain Pegged Tokens ($pFTM, $pAVAX, $pSOLID, $pBNB, $pMATIC, $pCRO) there are above > 1.01 Native Chain Token (TWAP > 1.01).
$pFTM
$pFTM (Pegged FTM) is the main token with an unlimited supply. Keep in mind that the supply is unlimited, not infinite, which means that there will be new $pFTM minted as soon as 1 $pFTM > 1 $FTM (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $FTM. When 1 $pFTM < 1.01 $FTM, the minting of $pFTM stops in order to not push down the price any further.
$bFTM
$bFTM (Bond FTM) are the collectors, those that diminishes the supply of $pFTM while 1 $pFTM < 1 $FTM. These little bad boys can be bought for cheap while 1 $pFTM < 1 $FTM which in turn will burn $pFTM out of existence. This will shorten the circulating supply of $pFTM, pushing up the price towards and above the peg. These $bFTM will as long as 1 $pFTM > 1 $FTM be redeemed for 1 $pFTM each. This means when $pFTM is under the peg, you basically are exchanging cheap $pFTM now for expensive $pFTM later earning you the difference between below peg price and above peg price + a possible Bonus.
$pSOLID
$pSOLID (Pegged $SOLID) is the main token with an unlimited supply. Keep in mind that the supply is unlimited, not infinite, which means that there will be new $pSOLID minted as soon as 1 $pSOLID > 1 $SOLID (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $SOLID. When 1.01 $pSOLID < 1 $SOLID, the minting of $pSOLID stops in order to not push down the price any further.
Future Roadmap
The start of Ripae Finance on Fantom Chain is just the beginning of the Ripae Ecosystem. Here are some future ideas on how they want to build Ripae into a true cross-chain Algorithmic Stable Coin. These points are placed in specific order as all of them are being worked on simultaneously at different speeds.
- Listing on Coingecko
- Listing on Coinmarketcap
- High Profile Partnerships
- Cross-Chain, 5 chains in spring 2022
- Expand on the Bond system
- Implement Algo Stable 3.0 Functions
- Full Cross-Chain Audit, both code and on-chain implementation on each new chain
- Full DAO voting system in place
- Expansion on the Ripae Ecosystem
