SNAKE

$SNAKE is the primary token of the Snake Finance protocol, designed to act as a medium of exchange. Its built-in stability mechanism aims to maintain a peg of 1 $S in the long run. Supply of $SNAKE 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 Snake Treasury. This way all newly minted $SNAKE is always 100% backed by $S in the Snake PSM Fund.