What Is Ripae Finance?
They are Ripae Finance, a cross-chain algorithmic stable coin pegged to each native chain they are deployed on. An Algorithmic Stable Coin (ASC) is a non-collateralized stable coin tailored for improving price stability. The beauty of algorithmic stable coins is that they are much more capital efficient than their collateralized cousins. They will, with its experienced team, work towards expanding this idea of capital-efficient algorithmic stable coin and build on previous iterations to expand the basis of the ecosystem.
Ripae Finance full focus is to build a true cross-chain algorithmic stable coin protocol that is stabilized with true use-cases all around the DeFi Ecosystem. They started on Fantom and with the partnership of Multichain.org, the main token $PAE is now available on multiple EVM chains.
Important Points Table Of Ripae Finance
| Basic | Points |
|---|---|
| Coin Name | Ripae Finance |
| Short Name |