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

# Tokens

The currencies of Rare Finance.

## RARER - "Peg Token"

![$RARER](https://2307954487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkGlgTNBczTtQLixoU9jc%2Fuploads%2F5YkAqmjY63ylSVxiSSBR%2FRARER.png?alt=media\&token=cb213a0a-9463-4bd1-a43a-e7de2736c466)

**RARER**: 0x1078864a3B0E5843995dE00517d871d0A686380b

**RARER-USDC LP Pair:** 0x1fe1b2c679Dcc7b4520b8F8A2E4716896523bc72

**RARER-RARE LP Pair:** 0xa7BCcb35CbBf7a0B98d2968b7956837e0292c978

The RARER token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain the RARER peg to 1 USDC token over longevity.

Note that RARE **actively pegs via the algorithm.** It **does not mean** it will be valued at 1 USDC at all times as it is not officially collateralized. 

## RAREST - "Share Token"

![$RAREST](https://2307954487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkGlgTNBczTtQLixoU9jc%2Fuploads%2FXtmJtO6STaadikOGxF8j%2FRAREST.png?alt=media\&token=97a19534-b905-4bf8-8073-af834ccc9557)

**RAREST**: 0xb96566e2a82D9Cd0174f63d51FB3629D712bf6a3

**RAREST-USDC LP Pair:** 0xdDfb625F6A62c69cADD93e1d638295F2CDF70Ef1

The RAREST tokens are one of the ways to measure the value of the RARE protocol and shareholder trust in its ability to maintain RARER close to peg. During epoch expansions, the protocol mints RARER and distributes it proportionally to all RAREST holders who have staked their tokens in the 'Mail Room' (boardroom/masonry).

RAREST holders have voting rights (governance) on proposals to improve the protocol and future use cases within the RARE ecosystem.

RAREST has a **maximum total supply of 50,000** tokens, distributed as follows:

* Team Allocation: 4,000 RAREST vested linearly
* Remaining 46,000 RAREST allocated for incentivizing Liquidity Providers in share pools for 7 months. 

## RARE - "Peg Token"

![$RARE](https://2307954487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkGlgTNBczTtQLixoU9jc%2Fuploads%2F6MrGEktkbQc131pBOtVC%2FRARE%20token.png?alt=media\&token=5cf604b2-9802-4049-9471-3db53a449fe9)

**RARE**: 0x428F578F88351487f3D9e5F3F39f66976e5588C2

**RARE-BASED LP Pair:** 0x6bEE22beD992811F51ab2D8FB1E26eE3e6266094

**RARER-RARE LP Pair:** 0xa7BCcb35CbBf7a0B98d2968b7956837e0292c978

The RARE token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain the RARE peg to 1 BASED token over longevity.

Note that RARE **actively pegs via the algorithm.** It **does not mean** it will be valued at 1 BASED at all times as it is not officially collateralized. 

## RSHARE - "Share Token"

![$RSHARE](https://2307954487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkGlgTNBczTtQLixoU9jc%2Fuploads%2FUeU02FeaMTqdkrztCOoF%2FRSHARE%20Token.png?alt=media\&token=27f261e5-be24-42f3-8de9-92e68782c230)

**RSHARE**: 0xB835631824ED68D84c5f41C231f3C2b6C2D709d5

**RSHARE-WFTM LP Pair:** 0x33dC25b73D8f38C612eD9d55B2d6cBe6f78e5f4E

The RSHARE tokens are one of the ways to measure the value of the RARE protocol and shareholder trust in its ability to maintain RARE close to peg. During epoch expansions, the protocol mints RARE and distributes it proportionally to all RSHARE holders who have staked their tokens in the 'Print Room' (boardroom/masonry).

RSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the RARE ecosystem.

RSHARE has a **maximum total supply of 50,000** tokens, distributed as follows:

* Team Allocation: 6,000 RSHARE vested linearly
* Remaining 44,000 RSHARE allocated for incentivizing Liquidity Providers in share pools for \~7 months.