Welcome To Reaper
Welcome to Reaper Finance, an alogrithmic token pegged to $scUSD on the Sonic blockchain; primarily focusing on stability. We are reimagining the OG "Tomb Finance", but with small tweaks and enhancements geared towards better sustainability, better yield, and enhancing yield utilization.
Overview
The $REAP token serves as the foundational stability (the rock) of the Reaper protocol. It's primary objective is to maintain a stable peg to $scUSD, giving the highest yields on the Sonic blockchain while utilizing Sonic's native assets.
The protocol dynamically adjusts the supply of $REAP based on market conditions, supply & demand, and sentiment. This keeps it's price healthy and in line with $scUSD, while rewarding its users and participants.
The protocol utilizes a 2-token model, and consists of the following tokens:
Reaper ($REAP)
Reaper Shares ($sREAP)
We are big supporters of SwapX and have strategically crafted $REAP to enhance its utility within the Sonic ecosystem.
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