Tokens¶
Richie's intended core model uses two tokens: CASH and RICH. Each has a distinct role.
| CASH | RICH | |
|---|---|---|
| Symbol | $CASH | $RICH |
| Contract address | TBA | TBA |
| Role | Algorithmic peg token | Fixed supply share token |
| Price target | 1 PDAI per CASH | No peg, price is market driven |
| Token Supply | Expands & contracts based on peg | 50,001 fixed supply emitted over 1 year to Marina stakers |
| Intended use | Liquidity, trading, and expansion rewards | Liquidity incentives and staking participation |
A two token protocol ecosystem¶
CASH is the asset whose market price targets PDAI. RICH provides the share-token side of the incentive model, with sole access to CASH expansion rewards through staking.
The prices of both tokens remain market-driven. RICH's price does not need to track PDAI or CASH. CASH can move away from its target, and RICH can lose or gain value regardless of CASHs' peg.