# THE BIG PICTURE

The $ANT algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing high liquidity APRs and new use cases to the ETH holders on the Polygon Network.

Unlike previous algorithmic tokens, $ANT is not pegged to a stable coin— it is instead pegged to $ETH.

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

we have decided to peg ANT to ETH at a 1,000:1 ratio. In other words, 1,000 ANT should equal 1 ETH for our PEG to be maintained.

&#x20;Ant Finance is a multi-token protocol that consists of the following three tokens:

&#x20;Ant Token (ANT) &#x20;

&#x20;Ant Shares (ASHARE)  &#x20;

&#x20;Ant Bonds (ABOND)&#x20;

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

![](https://2443182481-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNoHNOA44h6VUWY7ls3Om%2Fuploads%2FZw7dG4fZ3zdNBVEVhLW4%2FANT.png?alt=media\&token=edd8e201-0e94-44ba-8be8-74a643ecf527)
