Tokens

RUBY - RUBY CASH

RUBY: 0xCa7350Ed65c2fC90A9DBF2D15C75E80EA91aB1c1

RUBY CASH is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain RUBY peg to 1 USDC token in the long run.

Note that RUBY actively pegs via the algorithm, it does not mean it will be valued at 1 USDC all times as it is not collaterized . RUBY is not to be confused for a crypto or fiat-backed stable-coin.

• Genesis pool Allocation: 30,000 RUBY

• For initial supporter and promotion Allocation: 3,000 RUBY

RSHARE - Ruby Share

RSHARE: 0x5547F680Ad0104273d0c007073B87f98dEF199c6

Ruby Share (RSHARE) are one of the ways to measure the value of the Ruby Finance and shareholder trust in its ability to maintain RUBY close to peg. During epoch expansions the protocol mints RUBY and distributes it proportionally to all RSHARE holders who have staked their tokens in the Boardroom.

RSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Ruby finance ecosystem.

RSHARE has a maximum total supply of 70000 tokens distributed as follows:

• Team Allocation: 5000 RSHARE vested linearly over 6 months

• DAO fund Allocation: 5000 RSHARE vested linearly over 6 months

• Remaining 60000 RSHARE are allocated for incentivizing Liquidity Providers in several pools for 6 months.

RBOND - Ruby Bonds

RBOND: 0x81e475302Fa68D246911b74165eED21A84885792

Ruby Bonds (RBOND) main job is to help incentivize changes in RUBY supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of RUBY falls below 1 USDC, RBOND are issued and can be bought with RUBY at the current price. Exchanging RUBY for RBOND burns RUBY tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 USDC. These RBOND can be redeemed for RUBY when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for RUBY when it is above peg, helping to push it back toward 1 USDC.

Contrary to early algorithmic protocols, RBOND do not have expiration dates.

All holders are able to redeem their RBOND for RUBY tokens as long as the Treasury has a positive RUBY balance, which typically happens when the protocol is in epoch expansion periods.