Tokens

$DFTM - $DOOM Finance Token

Tokens ​ $DFTM - DFTM Finance Token $DFTM token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain DFTM's peg to 1 Fantom (FTM) token in the long run. Note that DFTM actively pegs via the algorithm, it does not mean it will be valued at 1 FTM all times as it is not collaterized. $DFTM is not to be confused for a crypto or fiat-backed stablecoin.

$DOOM - $DOOM Finance Share Token

$DOOM- $DOOM Finance Share Token DOOM Share (DOOM) are one of the ways to measure the value of the DOOM Finance Protocol and shareholder trust in its ability to maintain $DFTM close to peg. During epoch expansions the protocol mints $DFTM and distributes it proportionally to all $DOOM holders who have staked their tokens in the ABADDON (boardroom). DOOM holders have voting rights (governance) on proposals to improve the protocol and future use cases within the DOOM Finance ecosystem. DOOM has a maximum total supply of 66600 tokens distributed as follows: Team Allocation: 4999 DOOM vested linearly over 3 months Initial mint: 1 DOOM minted upon contract creation for initial pool Remaining 66600 DOOM are allocated for incentivizing Liquidity Providers in two shares pools for 3 months

$BFTM - $DOOM Finance Bonds

$BFTM- Doom Finance Bonds DOOM Finance Bonds ($BFTM) main job is to help incentivize changes in $DFTM supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $DFTM falls below 1 FTM, $BFTM are issued and can be bought with $DFTM at the current price. Exchanging $DFTM for $BFTM burns $DFTM tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These $BFTM can be redeemed for $DFTM when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for $DFTM when it is above peg, helping to push it back toward 1 FTM. All holders are able to redeem their $BFTM for $DFTM tokens as long as the Treasury has a positive $BFTM balance, which typically happens when the protocol is in epoch expansion periods.

Note that contrary to early algorithmic protocols, $BFTM do not have expiration dates.