What is Wizard Finance?

Welcome to Wizard Finance, home to the magic algorithmic token fork pegged to $FTM on the Fantom Opera network!

The Big Picture

The $WIZARD algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Fantom network. The protocol's underlying mechanism dynamically adjusts $WIZARD's supply, pushing its price up or down relative to the price of $FTM.

Inspired by the original idea behind Basis as well as its predecessors (bDollar and soup), Wizard Finance is a multi-token protocol which consists of the following three tokens:

-Wizard ($WIZARD)

-Wizard Shares ($WSHARE)

-Wizard Bonds ($WBOND)

What differentiates $WIZARD from other algorithmic tokens?

Wizard Finance believes in the potential of FTM, and has chosen to align its mission to both provide value to and derive value from $FTM future growth. We are proud to build on top of the largest and most innovative decentralized derivatives platform.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Wizard Finance team will maintain a focus on innovation around enhanced functionality and use cases.

Another shortfall we hope to solve is the "bank run" scenario of algorithmic coins. Wizard Finance hopes to solve this problem by issuing having protocol owned liquidity (POL) which will make the Wizard Finance peg and protocol robust.