Grape Finance (GRAPE) Live Price and charts Today

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.