CRYPT FINANCE DOCS

Official docs of cryptfinance.app

Crypt Finance is an algorithmic stable coin protocol pegged 1:1 to DAI on Fantom Opera. Much like Tomb Finance our protocol uses three tokens ($CORPSE, $CRYPT and $COFFIN) to incentivize a stable 1:1 peg to DAI.

The protocol's underlying mechanism dynamically adjusts CRYPT's supply, pushing its price up or down relative to the price DAI. This should be $1 however there may be times where DAI loses its peg and if our protocol is functioning as intended will follow DAI to keep pegged 1:1 to it. Additionally supporting development will be built to burn the $CORPSE token that is pegged to $DAI. This will create a positive price impact to help push the peg-token to the pegged value.