Fantohm Overview
Fantohm is one of the first decentralized reserve currency protocol available on the Fantom Network based on the FHM token. Each FHM token is backed by a basket of assets (e.g., MIM, FHM-MIM LP Tokens etc etc) in the Fantohm treasury, giving it an intrinsic value that it cannot fall below. Fantohm also introduces economic and game-theoretic dynamics into the market through staking and minting. Fantohm is a fork of Olympus on the Fantom Network.
How does it work?
At a high level, Fantohm consists of its protocol managed treasury, protocol owned liquidity, bond mechanism (minting), and high staking rewards that are designed to control supply expansion.
Bonding generates profit for the protocol, and the treasury uses the profit to mint FHM and distribute them to stakers. With LP bond, the protocol is able to accumulate liquidity to ensure the system stability.
