Description
PERI Finance is a decentralized cross-chain protocol enabling the issuance and trading of synthetic assets known as 'Pynths'. The platform, accessible via pynths.com, mirrors real-world financial markets on the blockchain, allowing users to issue, trade, and stake synthetic assets, including cryptocurrencies, fiat currencies, commodities, and stocks. These assets are supported by the PERI token, which serves dual roles as collateral and a governance token. Launched in 2021 on Ethereum, PERI Finance addresses DeFi challenges like high GAS fees and security vulnerabilities through Layer 2 solutions and the Optimistic Virtual Machine. The platform offers unrestricted access to global markets without intermediaries, enhancing liquidity with unlimited access via the Polkadot network. As of now, PERI Finance has circulated 8,540,090 tokens out of 13,615,440 total with a trading volume of $6,033.95 across 13 markets. PERI Finance facilitates an efficient, democratized trading experience for global users.
PERI Finance is a decentralized cross-chain protocol enabling the issuance and trading of synthetic assets known as 'Pynths'. The platform, accessible via pynths.com, mirrors real-world financial markets on the blockchain, allowing users to issue, trade, and stake synthetic assets, including cryptocurrencies, fiat currencies, commodities, and stocks. These assets are supported by the PERI token, which serves dual roles as collateral and a governance token. Launched in 2021 on Ethereum, PERI Finance addresses DeFi challenges like high GAS fees and security vulnerabilities through Layer 2 solutions and the Optimistic Virtual Machine. The platform offers unrestricted access to global markets without intermediaries, enhancing liquidity with unlimited access via the Polkadot network. As of now, PERI Finance has circulated 8,540,090 tokens out of 13,615,440 total with a trading volume of $6,033.95 across 13 markets. PERI Finance facilitates an efficient, democratized trading experience for global users.
