🚀Tokens
$ROCKET- Rocket Finance Token
Contract: 0xAfE80953BB7A01B0051d929f6626B10d6719dB5F
$ROCKET token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $ROCKET's peg of 1 ROCKET = 1 Fantom (FTM) in the long run.
Note that $ROCKET actively pegs via the algorithm, it does not mean it will be valued at 1 ROCKET : 1 FTM at all times as it is not collaterized . ROCKET is not to be confused for a crypto or fiat-backed stablecoin.
$SROCKET- ROCKET Shares (Shares)
Contract: 0x4D75593a945F828FB6A955F72F30C1645ebE3e29
Rocket Shares ($SROCKETs ) are one of the ways to measure the value of the $ROCKET Protocol and shareholder trust in its ability to maintain $ROCKET close to peg. During epoch expansions the protocol mints $ROCKET and distributes it proportionally to all $SROCKET holders who have staked their tokens in the Launchpad.
$SROCKET holders have voting rights (governance) on proposals to improve the protocol and future use cases within the $ROCKET money ecosystem.
$SROCKET has a maximum total supply of 100000 tokens distributed as follows:
DAO Allocation: 10.000 $SROCKET vested linearly over 370 days
Team Allocation: 5.000 $SROCKET vested linearly over 370 days
Rewards: 85.000 $SROCKET are allocated for incentivizing Liquidity Providers in two shares pools for 6 months
Initial mint: 1 $SROCKET minted upon contract creation for initial pool
RBOND - ROCKET Bonds
Contract: 0x144748682e9B756B05795A88792ded4213c16743
ROCKET Bonds (RBOND) main job is to help incentivize changes in ROCKET supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of ROCKET falls below 1 ROCKET:1 FTM , RBONDs are issued and can be bought with ROCKET at the current price. Exchanging ROCKET for RBOND burns ROCKET tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These RBOND can be redeemed for ROCKET 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 ROCKET when it is above peg, helping to push it back toward 1 ROCKET to 1 FTM ratio.
Contrary to early algorithmic protocols, RBONDs do not have expiration dates.
All holders are able to redeem their RBOND for ROCKET tokens as long as the Treasury has a positive ROCKET balance, which typically happens when the protocol is in epoch expansion periods.
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