War Finance Docs

Official docs of warfinance.app

War Finance is an algorithmic stable coin protocol pegged 1:1 to MIM on Avalanche. Much like Basis Cash our protocol uses three tokens (GUN, TANK, NUKE) to incentivize a stable 1:1 peg to MIM.

The protocol's underlying mechanism dynamically adjusts GUN's supply, pushing its price up or down relative to the price MIM. This should be $1 however there may be times where MIM loses its peg and if our protocol is functioning as intended will follow MIM to keep pegged 1:1 to it.

What differentiates War from other algorithmic protocols?

We were big fans of Basis Cash when they came out around a year or so ago. Many of the current forks are focusing their efforts on pegging to their respective L1 tokens aiming to increase liquidity of the native token.

While an admirable and achievable goal we want to return to the original intentions of the likes of Basis et al by pegging to a stablecoin. With major increases in Defi TVLs, smart contract abilities and L1 chains over the last year we feel helping to increase the liquidity of stables is now important more than ever especially if we want to bring more of the regular world into crypto. MIM being the decentralized stablecoin of choice on Avalanche seemed like the perfect match.

With our protocol we hope to bolster MIM's liquidity on Avalanche, offer a pegged MIM substitute for lending/collateralization and offer this cross chain as well, essentially becoming our own stablecoin. Pegging to MIM instead of AVAX makes cross chain activities and collateralization more flexible, easier to manage and has a wider potential audience than a L1 specific peg as we can effectively act as a stablecoin.

Disclaimer

Do your own research before investing. Investing in defi protocols is risky and may result in monetary loss. War Finance is beta software and may contain bugs. By using War Finance, you agree that the War Finance team is not responsible for any financial losses from investing in War Finance. War Finance does not operate or control the contracts on the blockchain of this protocol, these are open and permissionless and we are unable to stop anyone from using the protocol directly from the blockchain. In using these contracts you acknowledge that you understand and are complying with the laws of your local jurisdiction.