Arbitrum Dual Bank System
Hey, hey, hey, ho, what do we have today, yo!
We got Banks, 2 of them to be exact!
Yes, our favorite Dual Bank system is back once again, this time on Arbitrum!
The Dual Bank system is an innovative addition to our protocol that leverages the multiple tokens which Ripae consists of. First, we have our new Arbitrum-specific $sETH which is unique to the Arbitrum chain. $sETH is the main Share Token for the Arbitrum chain and is an integral part of the $pETH — $sETH symbiosis. Over time $sETH will be the token on Arbitrum which gains the highest share of newly minted $pETH.
Then we have our one and only $PAE. $PAE is our cross-chain Share Token which is multichain by birth. Use our partner Multichain (anyswap) and transfer $PAE across all our deployed chains.
The Dual Bank system is a unique invention of Ripae in which 2 Share Tokens, $sETH and $PAE in this case, both get part of the new $pETH emission created on the Arbitrum Chain.
$sETH Bank: https://ripae.finance/bank
$PAE Bank: https://ripae.finance/bankPae
$sETH has a fixed supply of 200 000 $sETH, distributed over 4 years with an automatic emission reduction every 6 months. This makes $sETH a scarce token that fits perfectly in the Ripae Ecosystem.
So, what strategy to use?
I’m glad you asked, my other self! As the Ripae Ecosystem is vast and growing “every day”, it’s a chess player's dream. There are strategies that are strategies of strategies, but I’ll leave that to our Discord Discussions. The easiest and possible one of the best strategies is to keep it simple, at least at the start 😉
The process to optimize the system is to stake $pETH-$ETH LP directly on Ripae to earn that sweet, sweet $sETH. Then LP those earned $sETH into $sETH-ETH to earn $sETH. Either LP those $sETH again or stake in our $sETH Bank.
While the TWAP of $pETH is greater than 1.01 $ETH, the Dual Bank will print new $pETH tokens to anyone that is staked into our Arbitrum Banks. The cool thing here is that as a $PAE user, you can transfer your $PAE into Arbitrum using Multichain, stake in the Bank, and still earn $pETH that then can be added into $pETH-$ETH LP to earn Arbitrum specific $sETH and then start over the strategy with those earned $sETH.
So there you have it, the Ripae Dual Bank system in the wild! Please join the discussions in our Discord as it’s with your feedback that Ripae innovates!
Join now: https://discord.gg/6zq53FB4TS
We are Ripae Finance, a cross-chain algorithmic peg token pegged to each native chain we are deployed on. An Algorithmic Peg Token(APT) is a non-collateralized peg token tailored for improving price stability. The beauty of algorithmic peg tokens is that they are much more capital efficient than their collateralized cousins. Ripae finance will with its experienced teamwork, work towards expanding this idea of capital-efficient algorithmic peg tokens and build on previous iterations to expand the basis of the ecosystem.
Ripae Finance’s full focus is to build a true cross-chain algorithmic peg token protocol that is innovating around the DeFi Ecosystem. Ripae is a DAO which means that the holders of $PAE are also the owners of the protocol and move the protocol forward with decentralized voting.
We started on Fantom and with the partnership of Multichain.org, our main token $PAE is now available on Fantom, Avalanche, Binance Smart Chain, Cronos, Polygon, and Abritrum.