Rare Finance price

RARE

RARE is an algorithmic token pegged to BASED via seigniorage. The protocol's underlying mechanism dynamically adjusts RARE supply, trading its price up or down relative to the price of BASED. Our protocol is a dual-token protocol, consisting of the following two tokens: RARE ($RARE) RARE Shares ($RSHARE)

Observing that the market for seigniorage protocols pegged to FTM has become quite overly-saturated with new Tomb forks emerging daily, we wanted to add an interesting spin similar to the effect of BASED. BASED currently supports the TOMB ecosystem by bolstering its peg token with buy pressure and liquidity growth via the BASED-TOMB LP. To mirror such beneficial impacts in the same vein, we wanted to add an additional layer to this symbiotic relationship by creating a protocol that supports the protocol that supports TOMB