RUNIC FINANCE LAUNCHING ON FANTOM
Runic Finance is launching on Fantom, a decentralized protocol with swaps, liquidity, and elastic supply tokens.
The protocol takes a new approach to defi with taxation, oracles, non-fungible tokens, and gamefi. As Runic Finance announced that they are launching on Fantom very soon!
5 different tokens in the ecosystem
- Runic – “pegged” to 1 FTM through seigniorage but does not mean it will always be 1 FTM
- Fate – “pegged” to 1000 FTM but can free float above or below
- Destinite – bonded Runic which can be redeemed for Runic at a premium when Runic is above 1.01 FTM
- Jade – bonded Fate which is rewarded in place of Fate when Fate is below 1000 FTM
- Runite – reward token “pegged” to 1 USDC but does not mean it will always be 1 USDC.
Get Started
You can start using their platform with various tokens. You can use their swap to trade between tokens and the liquidity link to combine two assets into a liquidity provider token (lp). LP tokens can be staked in their farms to earn rewards. Their NFT products will help boost your rewards.
Runic NFTs
The Runic NFTs have on-chain utility interacting with the reward contracts.
Runic Runes – The first collection consist of 10,000 Runes of which has 4 different rarities.
- Common – 75% chance – 1% Boost
- Rare – 15% chance – 2.5% Boost
- Epic – 8% chance – 5% Boost
- Legendary – 2% chance – 10% Boost
Power – Power is an important part of maintaining stability in the ecosystem. RUNIC NFTs will be able to increase their power through various methods.
