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

# Home

## The Big Picture

The $HOPE algorithmic token serves as the backbone of a rapidly growing ecosystem aimed at bringing liquidity and new use cases to the Arbitrum network.<br>

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

Inspired by the original idea behind Basis as well as its predecessors (bDollar and soup), Hope Finance is a multi-token protocol that consists of the following three tokens:\
-HOPE ($HOPE).\
-HOPE Shares ($DREAM)\
-HOPE Bonds ($WISH).

## What differentiates $HOPE from other algorithmic tokens?

Unlike previous algorithmic tokens, $HOPE is not pegged to a stable coin— it is instead pegged to $ETH.&#x20;

Why is this?\
Hope Finance believes in the potential of the Arbitrum network, and has chosen to align its mission to both provide value to and derive value from $ETH's future growth. In addition to existing and future use cases such as ETH Pad, $HOPE aims to make ETH the main medium of exchange on the Arbitrum network: this will be achieved by providing a mirrored, liquid asset to $ETH.

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 Hope Finance team will maintain a focus on innovation around enhanced functionality and use cases.