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Nacho Finance has been inspired by tomb.finance. Tomb runs on the Fantom blockchain and is pegged to 1:1 to the price of FTM. Tomb Finance has been a great success and our team realized the need for an algorithmic stable coin pegged to ETH on Polygon.

The NACHO algorithmic token serves as the backbone of our growing ecosystem aimed at bringing high APRs to ETH holders on the Polygon Network. The protocol's underlying mechanism dynamically adjusts NACHO's supply, pushing its price up or down relative to the price of ETH in order to keep NACHO's peg to the ETH price.