HAM 🍖

fam, meet $PHAM
live now, mint here: https://ham.fun/pham

Currently deploying. Unofficial head platypus of /lp 

How does pricing work?  Is there a way to see value of the basket vs the token price? 

Any mechanism to keep it in line with underlying tokens?

Learning what I can.  Human and dog dad.  Enjoying the land of ham, tophats and the next new thing I missed already by not being online every hour of the day.

zaps like this work by buying all underlying tokens to an LP and then returning the index token (pham) to you

price is kept in line through this mechanism, and by PHAM itself being a mechanism for arbitrageurs who can now utilize PHAM to swap between any of the underlying assets when price moves out of line

yup, you're 'zapping in' USDC or ETH in exchange for all of those tokens, then placing them into an LP, and getting back PHAM in one transaction

helpful to think of PHAM as a fancy LP token

Thanks!!!  Makes sense. But here it takes USDC and ETH as well and buys the tokens too?  🍖x222