July 29, 2021: PERI Finance will be launched on the BSC mainnet with an annual interest rate of 1025% for staking. It aims to launch the entire Dapp ecosystem and use staking rewards to become a popular choice. After all the tests are completed, PERI Finance will officially open the Staking dApp on the BSC mainnet, allowing BEP20 PERI holders to staking their PERI on the staking dApp to obtain staking rewards.
PERI Finance is a decentralized cross-chain synthetic issuance and derivatives exchange protocol that provides unlimited liquidity on the Polkadot network. It provides opportunities to access various traditional financial and encrypted assets in the form of leveraged and unlevered synthetic products. The platform provides low GAS fees, fast transactions, and sufficient security from pre-primary loans or flash loans. PERI will be launched on the Binance Smart Chain (BSC), with a large number of staking opportunities and one of the highest earning rewards APY.
Binance Smart Chain is the real winner of this bull market, and its popularity has soared to a new high, even surpassing the Ethereum network in terms of transaction volume. When the Ethereum gas fee problem reached its peak, the smart chain became the obvious choice for ERC-20 traders and Defi operators. BSC provides the same functions, with faster transaction processing speed and cheaper gas fees.
BSC has become a popular choice for Defi and Dapp developers because it is compatible with the Ethereum Virtual Machine (EVM), allowing it to run Dapps and Defi programs from the Ethereum blockchain. Peri Financial Aims to launch a complete Dapp ecosystem and use staking rewards to become a popular choice.
Pynth stands for PERI synthetic assets and follows the prices of the underlying assets of foreign exchange, cryptocurrency and commodities. It is also provided by PERI Exchange.
PERI is a utility token used to create a liquidity pool during the staking process to generate basic Pynth, pUSD. It is also a tool for voting within PERI DAO, and it will play a pivotal role in the development of PERI Finance. PERI holders will receive three different rewards by staking PERI or USDC and minting Pynths. The ratio of PERI to USDC is 8:2, which can be changed by PERI DAO in the future.
PERI Finance provides trading services, mortgage pools, Dapps and NFT markets in one place
PERI Finance is more like a decentralized ecosystem, not just another DEX. The platform provides a range of services, including mortgage and exchange services. The platform has reached an exclusive partnership with Maker DAO, allowing it to pledge DAI stablecoins in PERI Finance’s mortgage pool. Some of the key services of the platform include,
Peripheral pool: PERI liquidity pool is a pool created by staking PERI and casting Pynth in this process, called pUSD. The pool acts as a liquidity provider. Peri Financial 9,000,000 PERI staking rewards are locked, accounting for 45% of the total supply, and 76,924 PERIs are distributed to PERI stakeholders every week.
Perry. exchange: PERI.Exchange is a Pynths derivative DEX without an order book. It enables users to convert one Pynth to another with unlimited liquidity and no slippage. Holding long or short positions with up to 20 times leverage on Pynths can maximize trading volume. The Pynth price is provided by Oracle, and the Pynth perpetual contract price is determined by the virtual AMM.
PYNTHS NFT: Pynths’ NFT-related synthetic assets will change the rules of the game in the huge NFT market. Artists and investors will get rich returns and monetization by minting PERI tokens. Pynths will demonstrate its uniqueness in Pynths’ NFT ecosystem.
PERI exchange cracks the liquidity game
The PERI exchange does not require a liquidity provider. For the transaction of converting Pynths, the counterparty is the PERI pledged by the holder and the debt pool pledged by USDC, so the available liquidity in the pool is unlimited and there is no slippage. As for leveraged Pynths, perpetual contract transactions, virtual AMM backed by collateralized PERI is a mechanism to provide liquidity.
Due to the unique properties of vAMM, no liquidity provider is involved in the transaction, so the pledger does not risk losing PERI or USDC. The pledger is motivated by 3 types of rewards.
- Whenever Pynths or leveraged Pynths contracts are traded on PERI.exchange, transaction fees will be collected and aggregated.
- The PERI inflation reward is designed to pay for PERI and USDC.
- The share of profits generated by PERI’s assets.
They will be allocated to Staker based on their contribution to the network. PERI Asset is an AI arbitrage trading system operated by PERI sales staff to raise funds. It creates profits by looking for risk-free arbitrage in traditional market financial markets and crypto markets.
In the process of staking Liquidity to DEX, users can get PERI rewards in return. When the DEX liquidity provider deposits liquidity (PERI + ETH/) in the pool, a special token called LPtoken is minted to the provider’s address. Then, whenever a transaction occurs, the user will earn a proportional 0.3% fee for all LPs in the pool at the time of the transaction. In addition, by staking LP tokens in the PERI Staking dApp, users get a percentage of PERI proportionally.
To learn more about PERI Finance, please visit pynths.com
Source: Pynths Co., Ltd.