Deep Dive into $ARA
Last updated
Last updated
$ARA is a fully decentralized reserve currency with adaptive returns to balance venture capital, and is designed as a wealth storage method within the Defi ecologically sustainable economy.
Unlike traditional tokens, $ARA has two prices;the market price and the floor price.
The initial price is $1. The floor price is controlled by 90% of the assets deposited by the user and directly injected into the underpinning contract, the remaining 10% will be injected into the Liquidity Pool. This is used for market price discovery and $ARA can be freely traded at any price in the open market.
It is worth mentioning that $ARA has the characteristics of a risk-free value reserve, and each $ARA is backed by the Array treasury. As the treasury grows, the floor price will also rise.