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Tokens
$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 (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 (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 (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.
$bSOLID (Bond $SOLID) are the collectors, those that diminishes the supply of $bSOLID while 1 $pSOLID < 1 $SOLID. These little bad boys can be bought for cheap while 1 $pSOLID < 1 $SOLID which in turn will burn $pSOLID out of existence. This will shorten the circulating supply of $pSOLID, pushing up the price towards and above the peg. These $bSOLID will as long as 1 $pSOLID > 1 $SOLID be redeemed for 1 $pSOLID each. This means when $pSOLID is under the peg, you basically are exchanging cheap $pSOLID now for expensive $pSOLID later earning you the difference between below peg price and above peg price + a possible Bonus.
$pAVAX (Pegged $AVAX) 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 $pAVAX minted as soon as 1 $pAVAX > 1.01 $AVAX (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $AVAX. When 1 $pAVAX < 1.01 $AVAX, the minting of $pAVAX stops in order to not push down the price any further.
$bAVAX (Bond $AVAX) are the collectors, those that diminishes the supply of $pAVAX while 1 $pAVAX < 1 $AVAX. These little bad boys can be bought for cheap while 1 $pAVAX < 1 $AVAX which in turn will burn $pAVAX out of existence. This will shorten the circulating supply of $pAVAX, pushing up the price towards and above the peg. These $bAVAX will as long as 1 $pAVAX > 1 $AVAX be redeemed for 1 $pAVAX each. This means when $pAVAX is under the peg, you basically are exchanging cheap $pAVAX now for expensive $pAVAX later earning you the difference between below peg price and above peg price + a possible Bonus.
$pBNB (Pegged $BNB) 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 $pBNB minted as soon as 1 $pBNB > 1.01 $BNB (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $BNB. When 1 $pBNB < 1.01 $BNB, the minting of $pBNB stops in order to not push down the price any further.
$bBNB (Bond $BNB) are the collectors, those that diminishes the supply of $pBNB while 1 $pBNB < 1 $BNB. These little bad boys can be bought for cheap while 1 $pBNB < 1 $BNB which in turn will burn $pBNB out of existence. This will shorten the circulating supply of $pBNB, pushing up the price towards and above the peg. These $bBNB will as long as 1 $pBNB > 1 $BNB be redeemed for 1 $pBNB each. This means when $pBNB is under the peg, you basically are exchanging cheap $pBNB now for expensive $pBNB later earning you the difference between below peg price and above peg price + a possible Bonus.
$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.
$bMATIC (Bond $MATIC) are the collectors, those that diminishes the supply of $pMATIC while 1 $pMATIC < 1 $MATIC. These little bad boys can be bought for cheap while 1 $pMATIC < 1 $MATIC which in turn will burn $pMATIC out of existence. This will shorten the circulating supply of $pMATIC, pushing up the price towards and above the peg. These $bMATIC will as long as 1 $pMATIC > 1 $MATIC be redeemed for 1 $pMATIC each. This means when $pMATIC is under the peg, you basically are exchanging cheap $pMATIC now for expensive $pMATIC later earning you the difference between below peg price and above peg price + a possible Bonus.
$pCRO (Pegged $CRO) 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 $pCRO minted as soon as 1 $pCRO > 1.01 $CRO (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $CRO. When 1 $pCRO < 1.01 $CRO, the minting of $pCRO stops in order to not push down the price any further.
$sCRO is the Cronos specific share token. The only way to earn this token is to stake in our Cronos Tellers. The $sCRO you earn can either be added to an $sCRO-$CRO LP to earn more $sCRO, or can be placed in our $sCRO Bank to earn $pCRO when TWAP of $CRO is above 1.01. $sCRO has a fixed total supply of 200 000 tokens distributed over 4 years with a reduce in emission every 6 months to add to the token scarcity over time.
$bCRO (Bond $CRO) are the collectors, those that diminishes the supply of $pCRO while 1 $pCRO < 1 $CRO. These little bad boys can be bought for cheap while 1 $pCRO < 1 $CRO which in turn will burn $pCRO out of existence. This will shorten the circulating supply of $pCRO, pushing up the price towards and above the peg. These $bCRO will as long as 1 $pCRO > 1 $CRO be redeemed for 1 $pCRO each. This means when $pCRO is under the peg, you basically are exchanging cheap $pCRO now for expensive $pCRO later earning you the difference between below peg price and above peg price + a possible Bonus.
$pETH (Pegged $ETH) 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 $pETH minted as soon as 1 $pETH > 1.01 $ETH (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $ETH. When 1 $pETH < 1.01 $ETH, the minting of $pETH stops in order to not push down the price any further.
$sETH is the Arbitrum specific share token. The only way to earn this token is to stake in our ETHnos Tellers. The $sETH you earn can either be added to an $sETH-$ETH LP to earn more $sETH, or can be placed in our $sETH Bank to earn $pETH when TWAP of $ETH is above 1.01. $sETH has a fixed total supply of XXXX tokens distributed over 4 years with a reduce in emission every 6 months to add to the token scarcity over time.
$bETH (Bond $ETH) are the collectors, those that diminishes the supply of $pETH while 1 $pETH < 1 $ETH. These little bad boys can be bought for cheap while 1 $pETH < 1 $ETH which in turn will burn $pETH out of existence. This will shorten the circulating supply of $pETH, pushing up the price towards and above the peg. These $bETH will as long as 1 $pETH > 1 $ETH be redeemed for 1 $pETH each. This means when $pETH is under the peg, you basically are exchanging cheap $pETH now for expensive $pETH later earning you the difference between below peg price and above peg price + a possible Bonus.
Last modified 8mo ago