Tokens

WIZARD

0xC67665CA61dbEc32A3376bfAf1560e5BEf50Ea56

Note that WIZARD actively pegs via the algorithm, it does not mean it will be valued at 1 WIZARD : 0.1 FTM at all times as it is not collaterized. WIZZARD is not to be confused for a crypto or fiat-backed stablecoin.

WIZARD token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain WIZARD's peg of 1 WIZARD = 0.1 FTM in the long run.

$WSHARE- Wizard Finance Shares

0x07ec7c61Dc9A051C2Eb117A3D658BC0704Bc70F5

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

WSHARE has a maximum total supply of 65000 tokens and is distributed as follows over 6 months:

WIZARD- FTM LP 35700

WSHARE - FTM LP 23800

DAO WALLET 5500 WSHARE including team allocation

$WBOND - Wizard Finance Bonds

0x53c1F19B6D724195194e2d353b12dBa6C26549B3

Wizard Finance Bonds (WBOND) main job is to help incentivize changes in WIZARD supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of WIZARD falls below 1 WIZARD: 0.1 FTM ,WBONDs are issued and can be bought with WIZARD at the current price. Exchanging WIZARD for WBONDs burns WIZARD tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These WBONDS can be redeemed for WIZARD 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 WIZARD when it is above peg, helping to push it back toward 1 WIZARD to 0.1 FTM ratio.

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