PERI Finance is Launching on BSC Mainnet with 1025% APY on Staking
29 Juillet 2021 - 06:27PM
NEWSBTC
29 July 2021: PERI Finance is launching on BSC Mainnet With 1025%
APY on Staking and an aim to launch a whole Dapp ecosystem and
leverage staking rewards to become a popular choice. Once all the
tests are completed PERI Finance will officially open Staking dApp
at BSC main net, allowing the BEP20 PERI holders to stake their
PERI at staking dApp to receive the staking rewards. PERI Finance
is a decentralized cross-chain synthetic issuance and derivative
exchange protocol that provides unlimited liquidity on the Polkadot
network. It gives an opportunity to access a wide range of both
traditional financial and crypto assets in the form of leveraged
and non-leveraged synthetic products. The platform offers a lower
GAS fee, speedy transactions, and ample security from front-running
or flash loan. PERI is all set to launch on Binance Smart
Chain(BSC) with tons of staking opportunities and one of the
highest yield reward APY. Binance Smart Chain is the true winner of
this bull season as its popularity skyrocketed to new highs, even
overshadowing the Ethereum network in terms of transaction volume.
The smart chain became an obvious choice for ERC-20 traders and
Defi operators at the peak of the Ethereum gas fee problem. BSC
offered the same functionalities with a faster transaction
processing rate and a much cheaper gas fee. BSC has become a
popular choice for Defi and Dapp developers as it is compatible
with the Ethereum Virtual Machine (EVM) allowing it to run Dapps
and Defi programs from Ethereum blockchain. PERI finance aims to
launch a whole Dapp ecosystem and leverage staking rewards to
become a popular choice. Pynth stands for PERI Synthetic asset,
follows the price of an underlying asset Forex, CryptoCurrency, and
Commodity. It’s concurrently provided by PERI Exchange. PERI is a
utility token used to create a liquidity pool in the process of
staking, generating the basic Pynth, pUSD. It is also a tool to be
used for voting within PERI DAO, which 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 will be 8:2, which can be changed by PERI DAO
later. PERI Finance Offers Exchange services, Staking Pool, Dapps,
and NFT Marketplace in one Place PERI Finance is more of a
decentralized ecosystem than just another DEX. The platform offers
a host of services including staking and exchange services. The
platform has struck an exclusive partnership with Maker DAO
allowing it to stake DAI stablecoin in PERI Finance’s staking
pools. Some of the key services of the platform include, PERI.POOL:
PERI Liquidity Pool is a pool created in the process by staking
PERI and minting Pynth called pUSD. The pool acts as a liquidity
provider. PERI Finance locked staking rewards for 9,000,000 PERI,
which is 45% of the total supply and 76,924 PERIs are weekly
distributed to the PERI stakeholders. PERI. Exchange: PERI.Exchange
is a Pynths derivative DEX without an order book. It enables users
to convert one Pynth to another with infinite liquidity and no
slippage. Taking long or short positions on Pynths up to 20x
leverage could maximize trading volume. The Pynth prices are
provided by Oracle while Pynth perpetual contract prices are
determined by virtual AMM. PYNTHS NFTs: Pynths’ NFT-linked
synthetic assets will be a game-changer for the massive NFTs
market. Artists and investors are to be greatly rewarded and
monetized by minting PERI tokens. Pynths will show its uniqueness
in the Pynths’ NFT ecosystem. PERI Exchange has cracked the
Liquidity Game PERI exchange has no need for a liquidity provider.
For the transaction of converting Pynths, the counterparty is the
debt pool collateralized by PERI and USDC staked by the holders, so
the liquidity available in the pool is infinite and no slippage
exists. As for leveraged Pynths, perpetual contracts trading,
virtual AMM backed by the staked PERI is the mechanism to provide
the liquidity. Thanks to vAMM’s unique property, there is no
liquidity provider involved in the trading so the stakers have no
risk to lose their PERI nor USDC. The stakers are incentivized by 3
types of rewards. The trading fees are taken and pooled whenever
Pynths are exchanged or leveraged Pynths contracts are traded on
PERI.exchange. PERI inflation rewards designed to pay for staking
PERI and USDC. The profits share generated by PERI assets. They
will be distributed to the Stakers based on their contribution to
the network. PERI Asset is an A.I Arbitrage Trading system operated
by fundraising by PERI sales. It creates profits by finding
risk-free arbitrage in the traditional market finance market and
the crypto market. In the process of staking the Liquidity to DEX,
users can earn PERI rewards in return. When DEX Liquidity providers
deposit liquidity (PERI + ETH/) into a pool, special tokens known
as LPtokens are minted to the provider’s address. Then whenever a
trade occurs, users earn a 0.3% fee, pro-rata basis to all LPs in
the pool at the moment of the trade. In addition, by staking LP
tokens in the PERI Staking dApp, users earn % of PERI on a pro-rata
basis. To learn more about PERI Finance visit pynths.com Social
Links : Twitter: https://twitter.com/PERIfinance Medium:
https://medium.com/perifinance Discord:
https://discord.gg/FF8U8A458j Telegram: https://t.me/peri_global
Linkedin: https://www.linkedin.com/company/peri-finance Media
Contact : Company: Pynths Limited Contact: David Song Email:
david@pynths.com Website: https://www.pynths.com/ SOURCE:
Pynths Limited
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