# Welcome

**Welcome to Fang Finance, an algorithmic token pegged to $ETH on the Ethereum network; functioning as a premier DEX yield station for SuperNova.**

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2F6AXDAIaAXUnILuVx3TsQ%2Fimage.png?alt=media&amp;token=d7d9ea15-c8b5-404f-8c74-3fa8187d699c" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
Please NOTE: While Bonds are available via the contract, We HIGHLY discourage them.

While this is subject to change the reason is to not accure bad debt for the protocol or have users trapped in assets.
{% endhint %}

### Overview

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

The protocol dynamically adjusts the supply of $FANG based on market conditions, helping to keep its price in line with $ETH 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:

* **Fang Finance Tokens:**
  * **Fang ($FANG)**
  * **Fang Shares ($gFANG)**

We are highly optimistic about **SuperNova** and have designed $FANG to enhance its utility within the **Ethereum** ecosystem.


# Introduction

Fang Finance is a multi-DEX yield optimizer on Ethereum. It supports only SuperNova, to begin with, leveraging the ve(3,3) flywheel.&#x20;

{% hint style="info" %}

## **The company was founded by a team of passionate OGs from the Tomb fork community on Fantom, initially with Snake Finance on Sonic.**

{% endhint %}

Our **treasury** will strategically invest in these areas, creating new utilities for the $FANG token and driving long-term value for our ecosystem. This multi-faceted approach ensures that $FANG remains relevant and resilient in the ever changing DeFi landscape.

## Why peg to $ETH?

By pegging $FANG to $ETH, we aim to create a highly liquid, mirrored asset that benefits from the growth and adoption of the Ethereum network as well as the crypto space in general, while also benefiting its users with more stability.


# Disclaimer

Fang Finance is a decentralized platform operating within the Ethereum ecosystem. While we aim to provide innovative solutions and opportunities, users should be fully aware of the **inherent risks** associated with cryptocurrency and decentralized finance (DeFi).

We **strongly encourage** all users to carefully review our documentation and ensure they understand these risks before interacting with the protocol. Participation in DeFi protocols carries the possibility of loss, and users should make decisions based on their own research and risk tolerance.

{% hint style="info" %}
Nothing in our documentation, website, or social media should be considered financial advice. Fang Finance is an **experimental, decentralized initiative**, and usage should comply with local laws.
{% endhint %}


# General FAQs

### **1. What does Dynamic Nest Expansion (DNE) mean?** <a href="#id-1.-what-does-dynamic-nest-expansion-dne-mean" id="id-1.-what-does-dynamic-nest-expansion-dne-mean"></a>

We operate within a dynamic system in which expansion depends on several factors, including the TWAP of $FANG, revenue generated by Fang Finance, the price of $gFANG, the amount of $gFANG staked in the Nest & more.

During an expansionary epoch, **staked $gFANG tokens mints new $FANG** if the price of **$FANG** is above its target peg - 1.01 ETH, expanding supply to bring it back to equilibrium.

### **2.** Understanding Fang Finance's Peg Stability Module (PSM)? <a href="#id-2.-understanding-crocodile-finances-peg-stability-module-psm" id="id-2.-understanding-crocodile-finances-peg-stability-module-psm"></a>

1. What is PSM? Peg Stability Module (PSM) is a fee mechanism that strengthens $**FANG**'s peg to $ETH by creating a direct link between $gFANG rewards and stable asset backing.
2. How it Works (Simple Example):

* User wants to claim 1 $gFANG (worth 1000 $ETH)
* PSM requires a fee payment of 350$ worth of $ETH ( 35% of it's worth ).&#x20;

Process:

* User pays 350 $USDC worth of $ETH
* Treasury receives the $ETH. This $ETH is used to buy $FANGif under backing or $ETH, when ETH's trading above backing.
* User receives their 1 $gFANG, worth 1000 $ETH

#### Why it matters?

&#x20;• Creates real backing for $FANG using $ETH\
&#x20;• Builds treasury reserves organically \
&#x20;• Strengthens the peg through actual asset backing \
&#x20;• Reduces reliance on emissions alone

#### Key Difference from Traditional Models:

Traditional: Rely solely on market forces

Fang's PSM: Active fee capture → Real stable backing → Stronger peg

### **3.** Are the Nest rewards pro-rated by time? <a href="#id-3.-are-the-nest-rewards-pro-rated-by-time" id="id-3.-are-the-nest-rewards-pro-rated-by-time"></a>

No. Nest rewards depend solely on the **amount of staked $gFANG tokens** and not when they were staked during the epoch. Whether staked 3 hours or 30 seconds before epoch emissions, the rewards once epoch flips will be the same.

### **4.** What happens if $FANG continues climbing above the price of the peg? <a href="#id-4.-what-happens-if-usdcroc-continues-climbing-above-the-price-of-the-peg" id="id-4.-what-happens-if-usdcroc-continues-climbing-above-the-price-of-the-peg"></a>

If the price of **$FANG** remains high, the Cocoon has a dynamic expansion rate in which the higher the peg, more revenue can be distributed expanding supply further while maintaining the desired 100% backing.

### **5. Why can't I claim on The Nest?** <a href="#id-5.-why-cant-i-claim-on-the-nest" id="id-5.-why-cant-i-claim-on-the-nest"></a>

Depositing $gFANG or claiming $FANG rewards onto the Cocoon triggers lock resets:

* gFANG withdraw locked for **4 epochs**
* FANG harvest locked for **2 epochs**

{% hint style="warning" %}
Unclaimed rewards after **8 epochs** of no interactions with The Nest are used to buyback $gFANG, only once the user interacts with the Nest again.
{% endhint %}

### **6. Why did my rewards not get claimed in the Nest?** <a href="#id-6.-why-do-my-rewards-burn-in-the-nest" id="id-6.-why-do-my-rewards-burn-in-the-nest"></a>

We've also added a new mechanism in which rewards not claimed after 8 epochs are used to buy $gFANG, to increase engagement & attachment with the protocol as well as $gFANG price action improvements, which benefits everyone inside Fang Finance.

### **7. What will happen when Fang shares (Protocol Power token) circulating supply = Total supply? Will emissions stop?** <a href="#id-7.-what-will-happen-when-shares-circulating-supply-total-supply-will-emissions-stop" id="id-7.-what-will-happen-when-shares-circulating-supply-total-supply-will-emissions-stop"></a>

Yes. Once the maximum supply of $gFANG is reached, emissions stop. However, Fang Finance's vision is to become a platform that boosts rewards for users on SuperNova, in turn, users who deposit to earn $gFANG will have the underlying LP deposited into the gauge on SuperNova generating revenue for the treasury via NOVA, or other, rewards.

Cocoon rewards will continue as long as $FANG remains above the intended 1.01 peg.

### **8. What is an epoch?** <a href="#id-8.-what-is-an-epoch" id="id-8.-what-is-an-epoch"></a>

An epoch in the **Fang Finance** ecosystem is a **6-hour period** in which the total supply of **$FANG** is potentially adjusted. The token price and revenue are constantly monitored to determine if, or how much of a **supply expansion** is needed.


# Presale

Token Bootstrapping Phase: Fair distribution

### Presale Details

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2FXpvnRKscuFdghXjEmtd4%2Fimage.png?alt=media&amp;token=a8418d09-f1df-415d-8c3d-881a1ce44cbd" alt=""><figcaption></figcaption></figure>

#### **Total raise: 250 ETH**

Allocation:

* **92.5% (231.25 ETH)** → Direct FANG backing
* **7.5% (18.75 ETH)** → Initial gFANG liquidity seeding

This structure ensures:

* Immediate measurable backing for FANG
* No inflationary genesis farming
* Defined initial liquidity for gFANG
* Controlled initial supply conditions

The majority of capital raised becomes backing.

FANG does not launch dependent on emissions. It launches with ETH-denominated support.


# Farms

**Farms begin on February 26th at 12:00 AM UTC**

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2FXt6UvmPPG996Fw71As40%2Fimage.png?alt=media&amp;token=08100e0f-b233-4672-9d76-89ca4a8eef81" alt=""><figcaption></figcaption></figure>

The **Farms** are one of the core components of Fang Finance, designed to incentivize liquidity provision while maintaining the stability and growth of the protocol. By utilizing SuperNova's ve(3,3) DEX model, we ensure consistent emissions and value creation for **$FANG** and **$gFANG** , helping to bootstrap the **Nest** and sustain the ecosystem over the long term.

These farms offer lucrative rewards in **$gFANG ( X per day )** for providing liquidity to these key pairs, strengthening the protocol and supporting its peg stability mechanisms with:

* Faster backing for $FANG through claims - [PSM](/unique-features/peg-stability-module-psm);
* Increased TVL and Ethereum ecosystem exposure,
* Non native pools offer similar rewards to SuperNova, effectively trading gFANG emissions for increased FANG backing or diversifying investments - [LPR](/unique-features/lp-assets-rehypotecation-lpr).

### Allocations

| LP             | gFANG per day | SHARE OF REWARDS |
| -------------- | ------------- | ---------------- |
| FANG-USDC      | X             | 45%              |
| gFANG-USDC     | X             | 55%              |
| Coming Soon... |               |                  |


# Nest

Single staking $gFANG to earn $FANG

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2Fu6ZYU8qULaN4nYtEBqCZ%2Fimage.png?alt=media&amp;token=a2256084-25d6-46bc-8271-09fe3a80db18" alt=""><figcaption></figcaption></figure>

**The Nest** is the core inflation mechanism of Fang Finance; where **$FANG** tokens are minted. By staking **$gFANG**, you can earn **$FANG** during expansion epochs and actively participate in the protocol’s growth.

The Nest functions as a **locked single-staking platform**, where **$gFANG** holders briefly lock their tokens to receive a share of the protocol’s expansion rewards ( revenue ). This mechanism not only rewards stakers but also helps stabilize the ecosystem by adjusting the supply of **$FANG** according to the generated revenue and demand.

Nest starts emitting $FANG supply, if above the 1.01 ETH TWAP, on **Febuary X 00:00 UTC.**

### Nest Mechanics

* Earn **$FANG** rewards during expansion epochs
* Actively contribute to protocol stability and governance
* Align with the protocol’s long-term vision

{% hint style="info" %}
The initial Nest prints are guaranteed during the **first** **X days (X\*4 epochs). NOT CONFIRMED YET**
{% endhint %}

### **Why Stake in the Nest?** <a href="#why-stake-in-the-nest" id="why-stake-in-the-nest"></a>

This conservative approach protects the protocol from excessive inflation while maintaining long-term growth and stability.

Unlike other similar protocols, Fang Finance’s expansion model is carefully calibrated to adapt to protocol revenue and market conditions, ensuring sustainability and peg stability.

#### **Expansion Mechanism** <a href="#expansion-mechanism" id="expansion-mechanism"></a>

* **83%** of $FANG rewards are given to Nest $gFANG Stakers
* **10%** goes to the Treasury
* **4%** goes to the Team
* **3%** goes to the Development Fund

### **Distribution of $FANG**  <a href="#distribution-of-usdsnake" id="distribution-of-usdsnake"></a>

{% hint style="info" %}
**$FANG rewards not claimed after 8 epochs without interacting with The Nest are used to buy $gFANG.**
{% endhint %}

* **Epoch Duration:** 6 hours
* **Deposit/Withdrawal Lock:** 4 epochs after staking or withdrawing **$gFANG**&#x20;
* **Reward Claim Lock:** 2 epochs after claiming rewards
* **Both Depositing AND Claiming Rewards:** Locks your staked **$gFANG** for an additional 4 epochs, with the next **$FANG** rewards available 2 epochs later.

### **Distribution of $FANG**  <a href="#distribution-of-usdsnake" id="distribution-of-usdsnake"></a>


# Tokens

## Tokens Overview <a href="#tokens-overview" id="tokens-overview"></a>

Fang Finance utilizes a multi-token system designed to maintain the **$FANG** peg to **$ETH** and provide the best yield and stability mechanisms within the ecosystem. The primary tokens in our protocol are **$FANG &** **$gFANG.**

## $FANG Token

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2Fyn79qMV8Bo5lbGMmwNRN%2FFANG1500.png?alt=media&amp;token=b35802e5-c874-4dce-b1b9-a600d299dd2d" alt="" width="188"><figcaption></figcaption></figure>

**$FANG** is the primary yield token of the Fang Finance protocol, designed to act as a **medium of exchange**. Its built-in stability mechanism aims to maintain a peg of **1 $ETH** in the long run.

**Key Details:**

* **Initial Mint:** X **$FANG** were minted upon contract creation for initial liquidity, and **X $FANG** were allocated for genesis rewards.
* **Peg Mechanism:** $FANG pegs to $ETH through an algorithm, not collateralization.
* **Tokenomics:** Supply of $FANG is increased when above peg, and maintained when below peg. The supply is, in theory, unlimited; but supply expansion rates are dependent on the revenue generated by the Fang Treasury. This way all newly minted $FANG is always 100% backed by $ETH in the Fang Treasury.

{% hint style="info" %}
Note that FANG **actively pegs via the algorithm**, it **does not mean** it will be valued at 1.01 $ETH at all times. FANG is not to be confused for a crypto or fiat-backed stablecoin.
{% endhint %}

## $gFANG Token

<div align="center"><figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2FXKfAZDx53OjHlDuUZ07S%2FgFANG1500.png?alt=media&amp;token=0dfd7542-1627-42cf-8492-286afc3f9e0f" alt="" width="188"><figcaption></figcaption></figure></div>

**$gFANG** represents protocol ownership.. It also acts as a share token that reflects confidence in the protocol’s ability to maintain **$FANG** at its peg, as well as the strength of SuperNovaincentives/voting system.

**Key Details:**

* **Initial Mint:**  X **$gFANG** were minted upon contract creation for initial liquidity **w/ X $USDC worth of $ETH**, and **X $gFANG** allocated towards liquidity rewards.
* **Tokenomics:** **X $gFANG** for liquidity rewards over **2 years linearly**; X $gFANG to the Team also linearly over 2 years.
* **Epoch Expansions:** During expansion epochs, **$FANG** is minted based on generated revenue and distributed to **$gFANG** holders who have staked in **The Nest**.
* **Governance:** Holders of **$gFANG** have voting rights and can participate in protocol governance, shaping its future development.
* **Bootstrapping Epoch:** The initial Nest prints are guaranteed during the **first** **3 days (12 epochs).**


# Peg Stability Module (PSM)

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2Fqxp3xwZycx9yQbG9UrpC%2Fimage.png?alt=media&amp;token=0179c3db-eaa9-41f1-9b6d-0592a2ed75cf" alt=""><figcaption></figcaption></figure>

Peg Stability Module (PSM) is a fee mechanism that strengthens $FANG's peg to $ETH by creating a direct link between $gFANG rewards and stable asset backing.

Example:

* User wants to claim 1 $gFANG (worth 1000 $USDC)
* PSM requires a fee payment of 350 USDC ( 35% of it's worth in $ETH ).&#x20;

Why it Matters: \
• Creates real backing for $FANG using $ETH\
• Builds treasury reserves organically \
• Strengthens the peg through actual asset backing \
• Reduces reliance on emissions alone&#x20;

This allows capital flow into the Fang treasury, which in turn enables us to support $FANG peg on a much more stable level, backed by $ETH funneled into the protocol

{% hint style="info" %}
The PSM fees are **35% paid in $ETH** in the Farms. This may be changed in the future.
{% endhint %}


# Dynamic Nest Expansion (DNE)

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2FmSwzWd64ZKq7OVEqlMaq%2Fimage.png?alt=media&amp;token=04452837-dc88-4386-ab3c-3ca980ef9a77" alt=""><figcaption></figcaption></figure>

The Dynamic Nest Expansion ensures that $FANG emissions are flexible and adapt to the protocol's health. By monitoring the Peg Stability Module (PSM), treasury reserves & revenue, the expansion rate is dynamically adjusted to maintain peg stability and sustainability.

{% hint style="info" %}
**NOTE: FANG rewards not claimed after 8 epochs without interacting with The Nest are used to buy $gFANG.**
{% endhint %}


# LP Assets Rehypotecation (LPR)

Fang Finance optimizes yield by staking user-deposited LP tokens in SuperNova's farms through the treasury. While users earn $gFANG rewards from Farms, the protocol simultaneously stakes these LP tokens to generate additional earnings swapped into $ETH for FANG backing.

This mechanism enhances rewards, boosts sustainability, and maximizes the efficiency of staked assets; all while ensuring users receive their expected returns.

<figure><img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2FwVzESF8OklKHXL1HBDYn%2Fimage.png?alt=media&amp;token=db0c5fdb-c82a-4d6f-a7c0-a9c606bfb01b" alt=""><figcaption></figcaption></figure>


# Contracts

| Contract                    | Address                                                                                                               |
| --------------------------- | --------------------------------------------------------------------------------------------------------------------- |
| **$FANG**                   | [0x9b2Ebd63425978A1F3462e1538B497B5ba1d7180](https://etherscan.io/address/0x9b2ebd63425978a1f3462e1538b497b5ba1d7180) |
| **$gFANG**                  | [0x4CB85e39d5622Af604405077A589c3078F3A59b2](https://etherscan.io/address/0x4cb85e39d5622af604405077a589c3078f3a59b2) |
| **Masonry**                 | [0x02D159a0c393B3A982c4Acb3d03816A42D94F1aB](https://etherscan.io/address/0x02d159a0c393b3a982c4acb3d03816a42d94f1ab) |
| **Treasury**                | [0x4A325B7aE5fB8C22FC4cD1F47CDe2D5BEfce3c4B](https://etherscan.io/address/0x4a325b7ae5fb8c22fc4cd1f47cde2d5befce3c4b) |
| **OracleV2**                | [0x08abd7Cb539AB7c6d46939381ff607d33d7c6962](https://etherscan.io/address/0x08abd7cb539ab7c6d46939381ff607d33d7c6962) |
| **OracleV2GFang**           | [0x229Da23590fC6C353938AcBBBb0EF494cC40dAA0](https://etherscan.io/address/0x229da23590fc6c353938acbbbb0ef494cc40daa0) |
| **GFangRewardPool**         | [0xBaB501d2327C7142EeE3c7C2775527fA37e1097a](https://etherscan.io/address/0xbab501d2327c7142eee3c7c2775527fa37e1097a) |
| **FangRedeem**              | 0x8891042aF4a171FB293544471D29463b903dc887                                                                            |
| **ZapperFangV2Supernova**   | 0xF3c9F7c307A2ef1013173C5A44E869247f4Af0B4                                                                            |
| **ZapperGFangSupernova**    | 0x3D8229BBb298421f9A501e4bD464bFCD14E1998d                                                                            |
| **ZapperFangNestSupernova** | 0x5d3D1272C9899eb16ed6C4bAe851FacE3083337b                                                                            |
|                             |                                                                                                                       |

#### **Supernova LPs** <img src="https://451593662-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlE0JUZjztrREgQuplRns%2Fuploads%2Fq21VGNiGu1qVkv3JXdds%2FLogo%20-%20Purple.svg?alt=media&amp;token=04ce93c1-14cf-44b2-bb23-8fe250d4a739" alt="" data-size="line">

| Contract      | Address                                                                                                               |
| ------------- | --------------------------------------------------------------------------------------------------------------------- |
| **FANG/ETH**  | [0x6509f770B83856Ac51613AEe73D1E7bFaD032784](https://etherscan.io/address/0x6509f770b83856ac51613aee73d1e7bfad032784) |
| **GFANG/ETH** | [0x7AA0f18126C04c03A7390e15fA60c7054f97aF39](https://etherscan.io/address/0x7AA0f18126C04c03A7390e15fA60c7054f97aF39) |


# Official Links

Website : <https://fang.finance/>

Docs : <https://docs.fang.finance/>

Twitter/X : <https://x.com/FangFinance>

Discord : <https://discord.gg/bDbcRwjbZr>


# Security

At Moth Finance, the safety and security of our community and investors are top priorities. We are committed to implementing best practices and maintaining transparency to protect your investments.

**Security Measures We Take:**

1. **Upgradable Protocol Mechanisms**
   * The ownership of our token contracts is **not renounced**, allowing us to make necessary upgrades and improvements to the protocol as needed. This ensures the protocol can evolve and adapt over time for security, efficiency, and performance.
2. **Verified Contracts**
   * All our contracts are **fully verified** and thoroughly tested before deployment.
   * Contract launches and protocol updates are **announced several hours or days in advance** to ensure transparency and give the community ample time to prepare.
3. **Strategic Partnerships**
   * We collaborate with some of the **largest and most secure projects on the Linea network**, ensuring that Moth Finance remains a part of a trustworthy and resilient ecosystem.

***

### **Your Role in Security** <a href="#your-role-in-security" id="your-role-in-security"></a>

While we take every measure to secure the protocol, users should also follow these best practices to keep their funds safe:

* Use **secure wallets** and never share your private keys.
* Always verify you are interacting with official Moth Finance links.
* Stay informed by following our official announcements.

Security is a shared responsibility, and with these combined efforts, we aim to provide a secure and reliable experience for all participants in the Moth Finance ecosystem.


# Brand Kit

Coming Soon