> For the complete documentation index, see [llms.txt](https://piratefinancial.gitbook.io/pirate-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://piratefinancial.gitbook.io/pirate-finance/home.md).

# Home

### ![](https://1036926862-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FI0hT3j2JfiOeTaFI4xbE%2Fuploads%2FjKSGANGBUblxVFg9ERew%2Fpiratehat.png?alt=media\&token=cdb49888-4e69-4fe4-8e26-a4a35134e667)

### The Big Picture

The $GOLD algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Fantom network.

The protocol's underlying mechanism dynamically adjusts $GOLD's supply, pushing its price up or down relative to the price of $FTM.

### What differentiates $GOLD from other algorithmic tokens?

Unlike previous algorithmic tokens, $GOLD is not pegged to a stable coin— it is instead pegged to $FTM. Why is this? Pirate Finance believes in the potential of Fantom, and has chosen to align its mission to both provide value to and derive value from $FTM's future growth.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Pirate Finance team will maintain a focus on innovation around enhanced functionality and use cases.