Ripae Finance is an algorithmic stable coin currently pegged to the value of 1 FTM. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin tailored for improving price stability. Ripae Finance’s full focus is to build a true cross-chain algorithmic stable coin protocol that is stabilized with true use-cases all around the DeFi Ecosystem.

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 FTM, the minting of pFTM stops in order to not push down the price any further.