Welcome to Zelensky Finance, the best algorithmic stablecoin on Fantom, token $MOLOTOV pegged to the price of 1 FTM via seigniorage.
The $MOLOTOV algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Fantom Opera Mainnet. The protocol's underlying mechanism dynamically adjusts $MOLOTOV's supply, pushing its price up or down relative to the price of $FTM. Inspired by the idea behind the well known project on Fantom Opera Mainnet Tomb Finance, the Zelensky Finance protocol consists of three tokens: -Molotov ($MOLOTOV). -Zelensky ($ZELENSKY). -Tank ($TANK).
Unlike previous algorithmic tokens, $MOLOTOV is not pegged to a stable coin— it is instead pegged to $FTM. Tomb was and is a great success, but could be improved. Zelensky Team identified some of the points and reinforced them with mechanisms to make the protocol even better. One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Zelensky Team will maintain a focus on innovation around enhanced functionality and use cases.
For now there are some key differences: - Genesis pools: 0.5% (3 days - 40000 Moltov) - Molotov expansion rate starts at: 2,25% - Rebase every 6 epochs under peg (to maintain it printing 4ever) - MOLTOV-ZELENSKY LP that rewards $ZELENSKY on staking (will help keep the sell pressure low on both tokens)
This project would not be possible without the excellent work from the tomb.finance team. Since their code was so great, there was not much need for change besides our naming conventions and adding some functions.