Magik Finance Introduction
The $MAGIK’S algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network.
The protocol’s underlying mechanism dynamically adjusts $MAGIK’s supply, pushing its price up or down relative to the price of $FTM.
Magik.finance is a multi-token protocol which consists of the following three tokens:
- Magik ($MAGIK)
- Magik Shares ($MSHARE)
- Magik Bonds ($MBOND)
$MAGIK is not pegged to a stable coin— it is instead pegged to $FTM. Magik.Finance believes in the potential of Fantom Opera, and has chosen to align its mission to both provide value to and derive value from $FTM’s future growth
