What Is Ripae AVAX (PAVAX)
They are Ripae Finance, a cross-chain algorithmic stable coin pegged to each native chain we are deployed 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 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, main token $PAE is now available on Avalanche too.
Ripae Finance Storage Key Points
|Coin Name||Ripae Finance|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
PAVAX Price Live Data
The live Ripae AVAX price today is $17.17 USD with a 24-hour trading volume of $36,476.67 USD. They update PAVAX to USD price in real-time. This AVAX is up 12.07% in the last 24 hours. The current CoinMarketCap ranking is #4426, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Ripae AVAX at the current rate, the top cryptocurrency exchange for trading in stock is currently TraderJoe. You can find others listed on The crypto exchanges page.
Team & Goals
Ripae Finance was created by a team of Crypto lovers. The goal is to create a real dynamic protocol that is a sincere alternative to the offerings of today. This sincerity will help to expand on the universe by creating partners and expand on the Finance where other meme protocols would have a hard time gathering backing. The ultimate goal is to create a cross-chain algorithmic stable coin that will be used on multiple chains in parallel as a way of transferring funds between different parts of the Cryptoverse. We are also avid Cow lovers *Shhh* (don’t tell anyone).
Ripae – Your ONshore Bank
Ripae Finance Coin means Bank in Latin, not really a Bank, but a Bank, anywho, Ripae is meant to revolutionize the algorithmic stable coin sector by providing a true and honest service that builds upon previously battle-tested protocols. The takes what works from previous iterations and builds on those by providing the extra benefit of being a true sincere protocol that everyone can be proud of.
How does Ripae Work?
$pegToken = $pFTM, $pAVAX, $pSolid
Ripae Finance works by adding different moving pieces together in a combination of Game Theory in order to facilitate the actions needed in order to algorithmically hold our individual pegged tokens pegged to 1 native chain token, or as close as possible. This means that until the peg of 1 $pegToken = 1 Native Token is fully met, there will be fluctuations both above and below 1 = 1 in order for the value to find each other. Think of it as landing a plane where wind moves the plane up and down while going for the landing, but as soon as the plane has landed, the wind doesn’t matter anymore. The following describes their moving pieces.
$PAE (Ripae Cross-Chain Share Token) is the heart of the operation. $PAE has a current total supply of 1 000 000 tokens across all chains. These are all pre-minted and under a timelock (see contract page). 170 000 of these will be rewarded to liquidity providers during 365 days on Fantom. 170 000 of these will be rewarded to liquidity providers during 365 days on Avalanche.
The rest of the protocol-specific share will be held in timelock and transferred to each new chain that Ripae launches on. By owning $PAE, you not only own a piece of Ripae Finance, but you also get a part in its success by minting fresh Native Chain Pegged Tokens ($pFTM & $pAVAX) whenever 1 $pFTM or 1 $pAVAX > 1 Native Chain Token (TWAP > 1.01).
$pSOLID (Pegged $SOLID) is the main token with an unlimited supply. Keep in mind that the supply is unlimited, not infinite, which means that there will be new $pSOLID minted as soon as 1 $pSOLID > 1 $SOLID (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $SOLID. When 1 $pSOLID < 1 $SOLID, the minting of $pSOLID stops in order to not push down the price any further.
Ripae Finance takes security seriously. The fork they used to create the base of Ripae is from Tomb, which has been scrutinized for months.
They have hired the highly regarded auditing firm Obelisk Auditing to do a full audit of the Ripae Protocol.