What is AMES.defi?

https://ames-defi.app is BUSD pegged algorithmic stablecoin ecosystem running on BNB Chain.

The protocol's underlying mechanisms are designed in a way to ensure a peg of Ames:BUSD is achieved, and once achieved, it is maintained to establish $Ames as a mirrored, liquid asset to $BUSD. Protocol accomplishes this by introducing unique economic and game-theory centric dynamics into the market through its three tokens. Ames.defi is a Unite Finance fork which is itself inspired by Tomb Finance.

<aside> 📒 Peg token in BNB Chain is $AMES

</aside>

Why Ames.defi?

Our main goal is a bit different than other Tomb forks – we aim to contribute to a bigger ecosystem by increasing $BUSD liquidity BNB Chain. We’ll be pegged to a stablecoin and this will require us to invest our DAO fund to bring back profit to the protocol.

How does the protocol work?

Ames.defi protocol is based on a series of complex interactions, with the behaviour of multiple stakeholders deciding the pricing dynamics of the multiple tokens of the ecosystem.

• When the Ames price is over the peg (like it is expected it will be for the initial few weeks/months of the project), new PegToken are minted to drive the price down. These new PegToken are allocated to ASHARE holders in the boardroom, thus staking ASHARE in the boardroom makes the most logical sense during this period.
• When Ames price is at the peg, Ames holders can use the Ames-BUSD LP to increase their yield. At this point, new Ames will stop getting minted, and each investor's ASHARE will drive voting rights to have a say in the governance of the platform through DAO.
• When Ames price drops below the peg, investor's strategy should lean towards buying ABOND using Ames. The PegToken used to buy ABOND will be burned, which reduces supply of PegToken and brings its price back to peg, at which point investors can sell ABOND to earn profit.

What are the three tokens of Ames.defi?

Ames.defi’s multi-token protocol consists of the following three tokens and each plays a critical role in establishing this protocol:

1. Ames.defi Tokens ($AMES) - The PegToken token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain PegToken’s peg of 1 PegToken = 1 BUSD;
2. Ames.defi Shares ($ASHARE) - ASHARE token holders have both governance voting and ownership rights of the protocol. Once DAO is established, they will play a crucial role in the governance of Ames.defi. ASHARE can be staked in the boardroom to earn a part of minted AMES as rewards;
3. Ames.defi Bonds ($ABOND) - ABOND’s main job is to help incentivise and reward users for ensuring peg during an epoch contraction period.

What is the point of Ames.defi?

In the short term, until the peg is achieved, Ames.defi is focusing on optimizing the protocol and creating wealth for our early investors through Farms and Boardroom.

Once the peg is achieved, the system’s mechanisms will focus on stability and consistency so that $AMES can function as **a mirrored, liquid asset to $**BUSD.