pMATIC (Pegged $MATIC) 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 $pMATIC minted as soon as 1 $pMATIC > 1.01 $MATIC (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $MATIC. When 1.01 $pMATIC < 1 $MATIC, the minting of $pMATIC stops in order to not push down the price any further.

Ripae Finance is a cross-chain algorithmic stablecoin pegged to each native chain we are deployed on. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin tailored for improving price stability. The beauty of algorithmic stablecoins is that they are much more capital efficient than their collateralized cousins. Ripae finance 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.