xGrape is an LP backed token offering guaranteed appreciation, backed 100% by GRAPE/MIM. Much like Basis Cash our protocol uses three tokens (GRAPE, WINE, GBOND) to incentivize a stable 1:1 peg to MIM.
The protocol's underlying mechanism dynamically adjusts GRAPE's supply, pushing its price up or down relative to the price MIM. This should be $1 however there may be times where MIM loses its peg and if our protocol is functioning as intended will follow MIM to keep pegged 1:1 to it.
