Feb 27
Ripae expand with $pSOLID
Ripae are happy to announce the next step in the Ripae Ecosystem where we expand our reach on the Fantom Network. Solidly is a new and exciting protocol on the Fantom Network that will bring tokenized locks to Fantom together with low slippage and fees.
Ripae who already have $pFTM on Fantom, which is an Algorithmic Stable Coin pegged to $FTM, will now expand by offering $pSOLID, a natural and logical step towards combining our offerings and work towards becoming a natural choice for anyone who is looking to pair their $SOLID with an algorithmic stable coin in order to have exposure to the growth of the Solidly platform and earn great Yield in return.
This addition to the Ripae Ecosystem is fully financed by the Dev Fund Allocation in order to experiment with growth without using Ripae Treasury Funds.
The Genesis for our Solidly offering will start on the 28th of February 12:00 UTC, with pre-staking already available right now!
The following pools are available during the 72h Genesis period where you will be the first people to get your hands on our brand new $pSOLID token before any “official” printing starts in our Bank.
- $pFTM — 30% Reward
- $PAE — 30% Reward
- $BIFI — 10% Reward
- $OXD — 10% Reward
- $SOLID — 10% Reward
- $SEX — 10% Reward
(The % distributions are subject to change until the start, check on the Tellers of the latest information)
The $pSOLID Genesis distribution lasts 72hours after which our Tellers and Bank are expected to open in tandem on the 3rd of March at 12:00 UTC. Stake $pSOLID-$SOLID LP and earn $PAE, our cross-chain Ripae token which can be used to farm within either our Solidly Bank to earn $pSOLID, our Fantom Bank to earn $pFTM, or our Avalanche Bank to earn $pAVAX.
To buy $pFTM or $PAE for entering Genesis with the highest earning rate, head over to Spookyswap using the links here:
$pFTM — https://spookyswap.finance/swap?outputCurrency=0x112dF7E3b4B7Ab424F07319D4E92F41e6608c48B
$PAE — https://spookyswap.finance/swap?outputCurrency=0x8a41f13a4FaE75ca88B1ee726ee9D52B148b0498
So save the date, get your funds ready, for the next step in the Ripae Ecosystem, and be part of the future!
Join the $pSOLID Genesis here: https://solid.ripae.finance/
We are Ripae Finance, a cross-chain algorithmic stable coin pegged to each native chain we are dployed on. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin tailored for improving price stability. The beauty of algorithmic stable coins is that they are much more capital efficient than their collateralized cousins. Ripae finance will with its experienced teamwork towards expanding this idea of capital-efficient algorithmic stable coin 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 stable coin protocol that is stabilized with true use-cases all around the DeFi Ecosystem.
We started on Fantom and with the partnership of Multichain.org, our main token $PAE is now available on Avalanche too.
Ripae: https://ripae.finance/
Discord: https://discord.gg/6zq53FB4TS
Telegram: https://t.me/ripaefinance
