About

The $DNA algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to FTM network.

The protocol's underlying mechanism dynamically adjusts $DNA's supply, pushing its price up or down relative to the price of $USDC

Based on tomb.finance, which was originally inspired by the idea behind Basis as well as its predecessors (bDollar and Soup), Helix Finance is a multi-token protocol which consists of the following three tokens:

• $DNA (Helix Finance main token).

• $RNA(Helix Finance shares).

• $BNA- (Helix Finance bonds).

What differentiates $DNA from other algorithmic tokens?

Unlike previous algorithmic tokens, $DNA is not pegged to a stablecoin. It is instead pegged to $USDC.

Pegging to $USDC, where 1 $DNA is pegged to 1 $USDC, offers another option on a lower-cost network.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Helix Finance team will maintain a focus on innovation around enhanced functionality and use cases.