Fatfi: a DeFi hub with its own stablecoin algorithm

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Fatfi is a decentralized open innovation platform that will foster a collaborative ecosystem, aiming to dramatically accelerate the development and adoption of the world’s most advanced technologies and strategies in the most attractive segment of DEFIverse: Liquidity Rewards.

In short, Fatfi is a DeFi hub, interspersed with its own stablecoin algorithm.

The protocol, based on Binance Smart Chain (BSC), controls the money supply in a similar way to how central banks around the world guide the value of legal tender, through monetary policy.

By buying or selling bonds to control the money supply in the economy, the target value (in this case, $ 1) can be achieved.

The rules are set and implemented programmatically by smart contracts, rather than by the central bank or currency board, so the behavior of the system is predictable.

The Fatfi protocol tokens

There are four tokens in the Fatfi protocol:

• FAT Token: Our Governance Token
• FAC – Fatfi Cash: our algorithmic stablecoin, designed to be used as a medium of exchange. The built-in stability mechanism expands and contracts your bid, keeping the price at $ 1.
• FAB: Fatfi Bonds tokens are designed to change in price and lead to FAC at $ 1.
• FAS – Fatfi Actions: Fatfi Share token holders will be the backbone of the system, providing resources and guidance for the protocol.

Stabilization mechanism when Fatfi Cash is below $ 1

When the Fatfi Cash transaction price is less than $ 1, users will be able to purchase Fatfi vouchers at a certain discount to establish Fatfi Cash price stability, and it is expected that they will earn future benefits when redeemed.

Under certain conditions, each deposit will promise 1 Fatfi to the holder at some point in the future. Every time a user purchases Fatfi Cash, it will run out, causing a decrease in the supply of cash in circulation.

The bond has no interest payment, no maturity or maturity. Conversely, when the price rises above $ 1, they can be redeemed in a 1: 1 ratio using Fatfi Cash.

Only when Oracle’s cash price is greater than $ 1 can cash be used to redeem bonds purchased at a price of 1: 1. This prevents bondholders from reducing their redemption losses and causing unnecessary bid increases. 

Stabilization mechanism when Fatfi Cash exceeds $ 1

When the price of Fatfi Cash exceeds $ 1, the contract mainly allows the coupon to be exchanged for a coupon changer.

Even after the voucher is redeemed, if the Fatfi Cash price transaction price is above $ 1, the increased demand for Fatfi Cash will result in the minting of new Fatfi Cash tokens and the distribution of Fatfi Share to shareholders.

For example, suppose that even if the coupon is redeemed, the price of Fatfi Cash exceeds $ 1. In this case, the treasury contract will create a new Fatfi Cash seigniorage.

This seigniorage will be awarded to the board of directors, where users can bet on Fatfi shares and receive daily seigniorage based on Fatfi cash prices.

Fatfi products

1. Fatfi algorithm stablecoin

Although several different algorithmic stablecoin designs have been released, we believe that the three-token design is the best design today. It has been proven to be reliable and has the widest user distribution.

Fatfi Cash is a stablecoin algorithmic protocol, but in a better version with Government Token (FAT).

Of course, one of the natural questions that many people may think of is: “Why should someone participate in Fatfi on behalf of others?”.

Using other stablecoin algorithms, users can only benefit from the expansion and contraction of the deal, because the main goal of stablecoins is to maintain stability, so that they can easily get to the point where they are no longer profitable.

Once the deal reaches this stage, no further project development is required and the game is ready.

With Fatfi, you can also participate in algorithmic stablecoins and earn rewards in the form of FAT tokens.

However, unlike other FAT tokens, even if you decide to stop participating in the provision of algorithms, these FAT tokens will also give you the right to continue earning a portion of the FAT protocol fees.

2. Fatfi Defi Financial Services

A bank without financial services is a money game, it is not a bank.

The main logic behind the stablecoin algorithm is the supply and demand logic, which demonstrates how government banks manipulate the money supply.

The strategy of the platform is not to try to create new financial products. With the development of DeFi, many high-quality financial products are offered.

Instead, your goal is to create an integrated application for Fatfi products in other financial services in DEFIverse.

3. DAO

Fatfi will make improvements and plans to implement some additions. New developments and corresponding quotes will be proposed via Fatfi DAO.

The community can decide the development priority for funding and implementation in Fatfi.

Fatfi Financial Services Center

With the success of the Algorithm Stable Coin phenomenon, Fatfi wants to take advantage of this sector to a higher level, which is much more sustainable , and to target long-term gains for investors.

That is why it will have a variety of products to increase the adoption of the Stablecoin algorithm and it is called the Fatfi Financial Services Hub.

It is a set of DeFi services that operates within the Fatfi network and uses Fat Cash as its native stable currency.

Fatfi Financial Services Hub services do not have to come from the Fatfi team. The services can be offered by our partners, collaborators, etc.

The goal is to diversify the Fatfi ecosystem, simplify user experiences and make use of the Fatfi Stablecoin – Fat Cash algorithm.

Fatfi Financial Services Hub is web-based and will be available as a mobile app before the end of the third quarter.

At the time of writing, there are several products currently in development, including:

• Fat Wallet.
• Fatsurance.
• Fat Swap.
• Fatfiat.

The project is working to expand the services we offer in the future.

Meanwhile, Fatfi is open to all kinds of contributions in terms of products from our partners/users.

Fat wallet

Fat Wallet is a non-custodial digital cryptocurrency wallet that allows you to fully control your keys and funds.

The tool eliminates the third party between you and your digital assets, bringing the distance between decentralized finance and the public one step closer.

Fatsurance

Fatsurance is a Peer-to-Pool insurance service, offering our users protection against the unpredictable risky nature of the cryptocurrency market.

There are 2 main purposes of Fatsurance:

1. To protect users from Permanent Loss, allowing coverage.
2. Protect the user portfolio from the inevitable insolvency nature of the Stablecoin algorithm in the early stages.

With Fatsurance, you are buying protection against contingencies like these, and the market will determine the price you pay.

With Fatsurance, you are buying protection against contingencies like these, and the market will determine the price you pay.

Buyers select an insurance product, pay a premium to the group, and receive a tokenized insurance position.

Insurance sellers put their capital into an insurance pool and receive a liquidity provider token.

They earn income from their deposit because the premium paid by buyers is added to the pool. In the future, Fatsurance will open a cash draw program for everyone in the group.

With Fatsurance, buyers select an insurance product, pay a premium to the group, and receive a tokenized insurance position.

Insurance sellers put their capital into an insurance pool and receive a liquidity provider token.

They earn income from their deposit because the premium paid by buyers is added to the pool. In the future, Fatsurance will open a cash draw program for everyone in the group.

Fatfiat

Fatfiat is the Fatfi Fiat-on-ramp service, which offers users ways to buy cryptocurrencies quickly using our web and mobile applications.

Fatswap

Fat Swap is a liquidity protocol that uses the authentic Fatfi user interface, with its central liquidity and API calls directly from PancakeSwap.

Do you want more information? Visit to Fatfi.

Website: https://fatfi.io/

Telegram: https://t.me/fatfigroup

Twitter: https://twitter.com/FatfiFinance

Gitbook:  https://fatfi.gitbook.io/fatfi

Github:  https://github.com/fatfi

Medium:  https://medium.com/@fatfi

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Disclaimer:  This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO and should not be attributed to CriptomonedaseICO.

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