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    Peri Finance brings great DeFi investment opportunity with maker DAO integration

    Decentralized finance has emerged as one of the most sought-after investment opportunities from the crypto ecosystem. While the passive income feature makes it quite lucrative, with rising popularity comes the risk of many “namesake” DeFi projects that launch with great hype but don’t last more than a couple of weeks and often fail to maintain the right liquidity balance or get rug-pulled. This is where Peri Finance comes in with its innovative liquidity solution and high yield rewards.

    Peri Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity on the Polkadot network. It allows access to 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 loans.

    A decentralized application for staking Peri Finance (PERI) tokens is currently up and running on the Polygon network and has just launched on the Binance Smart Chain with many staking opportunities and one of the highest yield reward APY. Peri Finance is planning to support more networks in the staking DApp, so it creates more opportunities to bring users into the pool.

    Pynth stands for Peri synthetic asset, follows the price of underlying asset forex, cryptocurrency and commodity, and is concurrently provided by Peri Exchange. PERI is a utility token used to create a liquidity pool in the process of staking and generating the basic Pynth, pUSD. It is also a tool to be used for voting within the Peri decentralized autonomous organization, which will play a pivotal role in the development of Peri Finance. PERI holders will receive three different rewards by staking PERI or stablecoins and minting Pynths. The ratio of PERI to stablecoins will be eight-to-two, which can be changed by Peri DAO later. Peri Finance aims to launch a whole DApp ecosystem and leverage staking rewards to become a popular choice.

    Peri finds liquidity solution with maker DAO’s Dai integration

    Liquidity is the key to success for any DeFi protocols as liquidity rewards keep traders motivated to stake their tokens and they can earn rewards while the protocol enjoys healthy market liquidity. Many projects have disappeared into oblivion after the end of their yield reward program, plunging their market rapidly.

    Peri Exchange does not need a liquidity provider. For the transaction of converting Pynths, the counterparty is the debt pool collateralized by PERI and stablecoins staked by the holders so the liquidity available in the pool is infinite and no slippage exists. As for leveraged Pynths, perpetual contracts trading and a virtual automated market maker backed by the staked PERI is the mechanism to provide liquidity.

    Thanks to the AMM’s unique property, there is no liquidity provider involved in the trading so the stakers have no risk to lose their PERI nor stablecoins. The stakers are incentivized by three types of rewards.

    1. The trading fees are taken and pooled whenever Pynths are exchanged or leveraged Pynths contracts are traded on Peri Exchange.
    2. PERI inflation rewards are designed to pay for staking PERI and stablecoins such as Dai and USD Coin (USDC).
    3. The profit share generated by PERI assets.

    These will be distributed to the stakers based on their contribution to the network. Peri Asset is an artificial intelligence arbitrage trading system operated from funds raised by PERI sales. It creates profits by finding risk-free arbitrage in the traditional market finance market and the crypto market.

    The Peri DApp staking would offer about 77,000 PERI as staking rewards and liquidity rewards for liquidity providers for the market would be paid out every week. Liquidity providers for a DeFi market are often rewarded in liquidity provider tokens that can be exchanged or traded, and Peri Finance would offer the PERI token.

    The Dai integration would also benefit Peri Finance as Dai is integrated into various DeFi platforms that users can easily utilize for other services. As such, Peri Finance can attract widespread users by adapting the Dai stablecoin.

    Peri Finance to offer user-oriented services

    Despite the growing popularity of the DeFi market and a multi-billion dollar market capitalization, new investors and traders often avoid trading DeFi due to the not-so-friendly user interface designs and complex navigation process. Peri is working to resolve this issue with a new update to its DApp user interface that would make it more user-friendly and allow traders to easily navigate through the ecosystem and earn high staking rewards. The platform has opened its DApp staking on the BSC chain that would allow the BSC mainnet users to start earning Peri as a reward. The project expected high yield rewards of up to 980% APY thanks to its unique liquidity solution. The PERI token would be the backbone of the system and also work for governance and staking rewards.

    To learn more about Peri Finance, visit pynths.com.

    Peri DApp: https://medium.com/perifinance

    Follow us to stay up-to-date:

    Twitter: https://twitter.com/PERIfinance

    Medium: https://medium.com/perifinance

    Discord: https://discord.gg/FF8U8A458j

    Telegram: https://t.me/peri_global

    This is a paid press release Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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