What is RLY
The Rally Network is an open decentralized network powered by its native ERC-20 governance token RLY. Rally Bridge is an experimental decentralized finance application allowing users to connect ERC-20 RLY token between Ethereum Mainnet and the Rally sidechain where RLY can be used to interact with Creator Coins and participate in Rally Creator economies. Creator Coins are social tokens, a form of fully customizable branded cryptocurrency unique to each individual creator. The relationship between Creator Coins and RLY is defined by a Token Bonding Curve (TBC) relating each circulating supply of Creator Coins to its price in RLY. Automated Market Maker (AMM) provides continuous liquidity for swaps between Creator Coins and RLY as determined by each TBC. The exchange rate between 1 creator coin and 1 RLY shows the relative location of a Creator Coin on the TBC. Users can earn high yield interest returns by depositing Yearn.Finance yAssets to Yield delegating vaults (YDVs).
