Grape Finance
$0.008832
0.00%
  • Rank #N/A
  • Market Cap 0.00% -
  • 24H Spot Volume 0.00% $0.719817
  • 24H Volume / Market Cap -
  • Circulating Supply -
  • Total Supply 25,576
  • Max Supply 25,576.00
  • Fully Diluted Valuation $226
  • API ID grape-finance copy duigou
  • Project Start Date -
  • Contracts & Explorer(s) coin-img 0x554...cdac2
    copy duigou
  • Websites Website
  • Links
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About GRAPE Roadmap & Milestones
Grape Finance is an algorithimic stablecoin protocol on the Avalanche chain.Grape Finance is an algorithmic stable coin protocol pegged 1:1 to MIM on Avalanche. Inspired by Tomb Finance and previous algorithmic stable protocols such as Basis Cash. Much like Tomb and Basis our protocol uses three tokens (GRAPE, WINE, GBOND) to incentivize a stable 1:1 peg to MIM. The protocol's underlying mechanism dynamically adjusts GRAPE's supply, pushing its price up or down relative to the price MIM. This should be $1 however there may be times where MIM loses its peg and if our protocol is functioning as intended will follow MIM to keep pegged 1:1.
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