Tokens
Brilliant Finance’s multi-token protocol consists of the following three tokens and each plays a critical role in establishing this protocol:
Brilliant Token ($BTFI)
The $BTFI token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $BTFI’s peg of 1 $BTFI = 1 $AURORA
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Note that $BTFI actively pegs via the algorithm, it does not mean it will be valued at 1 BTFI: 1 AURORA at all times as it is not collaterized. $BTFI is not to be confused with crypto or fiat-backed stablecoin.
$BTFI can be farmed in Farms or exchanged for $BTBOND when under peg.
Brilliant Shares ($BTSHARE)
$BTSHARE token holders have both governance voting and ownership rights of the protocol. Once DAO is established, it will play a crucial role in the governance of Brilliant. $BTSHARE can be staked in the Council to earn a part of minted $BTFI as rewards.
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$BTSHARE can be farmed in Farms or staked in Council
Brilliant Bonds ($BTBOND)
$BTBOND’s main job is to help incentivize and reward users for ensuring peg during an epoch contraction period when TWAP of $BTFI is below 1.
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Learn about $BTBOND's usage and importance
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