The THERMES token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain THERMES's peg to 1 FTM in the long run.
Initial supply will be 25,000, allocated fully to the Genesis pool rewards.
Note that THERMES actively pegs via the algorithm, it does not mean it will be valued at 1 FTM all times as it is not collateralized. THERMES should not to be confused for a crypto or fiat-backed stablecoin.
TARESs are one of the ways to measure the value of the Olympus Finance 2 Protocol and shareholder trust in its ability to consistently maintain THERMES close to peg. During epoch expansions the protocol mints THERMES and distributes it proportionally to all TARES holders who have staked their tokens in the Boardroom.
TARES has a maximum total supply of 59,501 tokens distributed as follows:
Rewards: 59500 TARESs are allocated for incentivizing liquidity providers in two farming pools for 31 months
Initial mint: 1 TARES minted upon contract creation for the initial pool