# Introduction

Reaper Finance was founded by a group of "OGs" from the fast-evolving DeFi landscape, and have over 6 years of DeFi experience since the first app on Ethereum, called "Proof of Weak Hands". We've seen it all, what works and what doesn't. Learning from the mistakes of our predecessors, and our experience navigating every crevice of the DeFi landscape, we've carefully crafted Reaper Finance. Our main focus is **sustainabilty & security**, while keeping **full transparency** a priority. These things are every protocol's downfall. Whether its exploits, no utility, team mismanagement, unsustainable yield, or just straight up rugs, one of these will always kill their protocol.&#x20;

<mark style="color:red;">**\*WARNING: While we aim to provide oppurtnities and favorable yield strategies, THIS IS AN EXPIRIMENT. THIS IS NOT FINANCIAL ADVICE. Everyone should be aware of the risks before investing or interacting with an expirimental protocol like this.\***</mark>

## What is Reaper Finance?

Reaper Finance is a DeFi protocol designed for **optimizing yield** on Sonic. We utilize the SwapX exchange for several reasons. SwapX are the pioneers for providing liquidity on the Sonic blockchain. They utilize next-gen yield generating strategies using V4 technology and are the top of their game. And their team is stacked full of engineers, developers, coders, and OGs of the DeFi space. By joining forces and utilizing the **powerhouses** on Sonic like **Rings Protocol, SwapX, and ICHI** vaults, we are building one of the strongest foundations ever seen in an algorithmic stablecoin protocol.

## Why Peg To $scUSD

Unlike most of the current algorithmic stablecoins on Sonic pegging to $S or $OS, we are utilizing the strength of the Rings Protocol, and pegging to $scUSD. Rings is a yield-bearing stablecoin protocol, built on Veda BoringVaults and draws inspiration from Blast's **native yield** concept and Solidly's ve (3,3) model. By utilizing $scUSD, it opens the doors to solidifying our foundation and using our liquidity strategically, to earn more yield, and higher Sonic multiplier score points.
