Ripae Finance is an algorithmic stablecoin that is currently pegged to the value of 1 $FTM. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin designed to enhance price stability. One of the advantages of algorithmic stablecoins is their higher capital efficiency compared to collateralized stablecoins. Ripae Finance aims to leverage its experienced team to further develop the concept of capital-efficient algorithmic stablecoins and build upon previous iterations to expand the ecosystem's foundation.