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New Listing: PERI Finance (PERI) token
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We are thrilled to announce that PERI token will be listed on Liquid.
- Token Symbol: PERI
- Date of Trading Start (Trading, Deposit, Withdrawal): 1st September 2021, 3 PM (JST)
- Trading Pair: PERI/USDT, PERI/BTC
About PERI Finance
PERI Finance is a Polkadot-based innovative synthetics issuance and derivatives market platform that utilizes blockchain technology to supercharge trades through its protocol.
PERI Finance allows accessing a wide range of both traditional financial and crypto assets in the form of synthetic and leveraged products, NFT assets, perpetual future swap, etc. PERI Finance empowers users with the lower GAS fee, speedy transactions, and ample security from front-running or flash loan.
PERI Token and Pynths
PERI is a utility token used to create a liquidity pool in the process of staking, generating the pUSD basic Pynths (PERI Synthetic assets) called pUSD. pUSD is used to convert into other Pynths of users’ choice. When the value of Pynths increases, users can exchange them for pUSD at any time to unlock the staked PERI token.
PERI token is also a tool to be used for voting within PERI DAO, which will play a crucial role in the development of PERI Finance.
PERI Staking dApp
PERI staking dApp allows users to mint pUSD by staking PERI, USDC, DAI, and DEX LP tokens.
By staking PERI, holders will receive three different rewards:
- Regular staking rewards based on vesting plan
- PERI inflation rate rewards
- The distribution of PERI assets’ revenue
- The distribution of commissions incurred in Pynths transactions and leveraged Pynths contract trading
These things will be distributed to stakers based on their contribution to the network.
PERI.Exchange is a Pynths derivative DEX where users can trade a variety of financial assets. PERI.Exchange offers spot trading as well as perpetual contract exchange, and users can invest Pynths for long or short positions with up to 20x leverage.
PERI.Exchange doesn’t need any liquidity provider. For the transaction of converting Pynths, the counterparty is the debt pool collateralized by PERI, USDC, DAI, and DEX LP tokens staked by the holders, so the liquidity available in the pool is infinite and no slippage exists.
By these kinds of liquidity pools, users can freely convert one Pynth to other assets. PERI Finance also supports a wide range of NFT assets based on various objects: artwork, metaverse properties, game items, etc.
As for leveraged Pynths, perpetual contracts trading, virtual AMM is backed by the staked pool is the mechanism to provide the liquidity.
Through the platform, PERI Finance will provide a wide range of synthetic asset products over the traditional finance barrier. Users can participate in trading various kinds of financial synthetic assets by staking PERI tokens on dApp.
Follow PERI Finance’s social media and community channel to stay up to date with their latest news and events! You can also check the official site and announcement blog for PERI Finance’s additional information.