Rubik Finance


RUBIK - FTM Pegged Token

RUBIK is an algorithmic stablecoin, pegged 1:1 to FTM. The protocol's algorithm aims to maintain RUBIK's peg of 1:1 RUBIK:FTM in the long run.
Note that RUBIK actively pegs via an algorithm, it does not mean it will be valued at 1 RUBIK : 1 FTM at all times as it is not collateralized. RUBIK is not to be confused for a crypto or fiat-backed stablecoin.

RSHARE - Protocol Shares

RUBIK shares are one of the ways to measure the value of the RUBIK Protocol and shareholder trust in its ability to maintain RUBIK close to peg. During epoch expansions the protocol mints RUBIK and distributes it proportionally to all RSHARE holders who have staked their tokens in the Boardroom.
RSHARE holders have DAO voting rights on proposals to improve the protocol and future use cases within the Rubik Finance ecosystem.
RSHARE has a maximum total supply of 80,000 tokens distributed as follows:
  1. 1.
    DAO Allocation: 15000 RSHARE vested linearly 150 days
  2. 2.
    Team Allocation: 5000 RSHARE vested linearly over 150 days
  3. 3.
    Rewards: 60000 RSHARE are allocated for incentivizing Liquidity Providers for 180 days
  4. 4.
    Initial mint: 100 RSHARE minted upon contract creation for initial pool


RUBIK Bond's (RBOND) main job is to help incentivize changes in RUBIK supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of RUBIK falls below 1:1 FTM, RBOND are issued and can be bought with RUBIK at the current price. Exchanging RUBIK for RBOND burns RUBIK tokens, taking them out of circulation (deflation) and helping to get the price back up to peg.
These RBONDs can be redeemed for RUBIK 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 RUBIK when it is above peg, helping to push it back toward 1 RUBIK to 1 FTM ratio. Contrary to early algorithmic protocols, RBOND do not have expiration dates. If your RUBIK is below peg exchange it for RBOND and redeem after peg is above 1.1 to receive bonus RUBIK's! All holders are able to redeem their RBOND for RUBIK tokens as long as the Treasury has a positive RUBIK balance, which typically happens when the protocol is in epoch expansion periods.