2Doge Token System

2DOGE - 2Doge Finance Token

2DOGE is the algorithmic token that 2Doge Finance produces, which is pegged to 1 FTM through seigniorage. The token is designed to be used as a medium of exchange to support the network liquidity on Fantom.

2SDOGE - 2Doge Finance Shares

2Doge Finance Shares (2SDOGE) closely represent the value of the 2Doge Finance Protocol and reliance of users in its systemic ability to uphold 2DOGE to peg.
  • 2Doge Shares (2SDOGE): 2SDOGE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the 2Doge finance ecosystem. 2SDOGE stakers also receive 2DOGE after each epoch expansion.
  • In time of epoch expansions (when TWAP - time-weighted average price of 2DOGE is above the 1 $FTM peg), the protocol mints 2DOGE and distributes it equivalently to all 2SDOGE holders who have staked their tokens in the boardroom.
  • 2SDOGE has a maximum total supply of 70000 tokens distributed as follows:
    1. 1.
      DAO Allocation: 5500 2SDOGE vested linearly 12 months
    2. 2.
      Team Allocation: 5000 2SDOGE vested linearly over 12 months
    3. 3.
      Remaining 59500 2SDOGE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months

2BDOGE - 2Doge Finance Bonds

2Doge Bonds (2BDOGE) purpose is to help incentivize changes in 2DOGE supply during an epoch contraction period.
  • 2Doge Bonds (2BDOGE): When the TWAP (Time Weighted Average Price) of 2BDOGE falls below 1 FTM, 2BDOGEs are issued and can be bought with 2DOGE at the current price. Exchanging 2DOGE for 2BDOGE burns 2DOGE tokens, helping to get the price back up to 1 FTM.