👋Welcome

Welcome to Snake.finance, an algorithmic token pegged to $S on the Sonic network; functioning as a yield optimizer.

Please NOTE: While Bonds are available via the contract, We HIGHLY discourage them. While this is subject to change the reason is not accure bad debt for the protocol or have users trapped in assets.

Overview

The $SNAKE token serves as the foundation of a growing ecosystem within the Sonic network. Its primary objective is to maintain a stable peg to $S and expand the utility of the Sonic network’s native assets.

The protocol dynamically adjusts the supply of $SNAKE based on market conditions, helping to keep its price in line with $S while offering exciting opportunities for users and the community.

The protocol follows a multi-token model inspired by previous algorithmic stablecoin systems and consists of the following tokens:

• Snake Finance Tokens:

  • Snake ($SNAKE)

  • Snake Shares ($gSNAKE)

We are highly optimistic about Shadow and have designed $SNAKE to enhance its utility within the Sonic ecosystem.