# INTRODUCTION

Roaring Lion is the first toxic deer fork on Binance Smart Chain, with fluid economy algorithmic stablecoins such as Serenity Capital. Inspired by both the protocol comes Roaring Lion, the best of both. Roaring Lions, $LION token value is algorithmically pegged to the price of Dai via seigniorage at a rate of 1 LION:1 DAI.&#x20;

Roaring Lion is the first protocol to have its native farms on Aequinox Exchange (a balancer fork). Which lets Roaring Lion offer new LP ratios of 70/30 which means less Impermanent Loss and More Demand of native token thus increasing the price more.&#x20;

Roaring Lion is the first protocol to implement Boardroom (lionsden) LP staking to incentivize liquidity making.&#x20;

## How does it work?

* **When $LION price is over the peg,** new $LION is minted by the protocol to inflate the supply, in an attempt to drive the price down towards the peg. These new $LION are placed into circulation through the Lionsden (boardroom) and distributed to $LSHARE/DAI LP holders staking it there. This increases the demand for $LSHARE, thus increasing the price and value of $LSHARE. With the all new 70/30 LP ratio for creates an extra 20% demand for $LSHARE.  &#x20;
* **When $LION price drops below the peg,** the protocol will allow minting $LBONDS with $LIONS (up to a maximum debt limit). This removes $LION from the total supply, applying upward pressure on the price towards the peg. $LBONDS can then be redeemed for LION at a premium when the price is above peg i.e. 1.01 TWAP.&#x20;
