PERI Finance is taking a big step forward by announcing the Moonriver Mainnet DEX launch on April 30th. Users can now start trading with pUSD on PERI DEX, utilizing a cross-chain token bridge service built on the dApp.
PERI Finance’s DEX provides traders a seamless environment to trade its Pynths assets, which can be minted by staking PERI tokens on PERI’s staking dApp. The DEX also benefits PERI stakers by distributing DEX trading fees to them. PERI’s DEX dApp precisely traces its decentralized mirrored crypto assets using Chainlink Price Feeds.
While no other projects have been able to succeed in the cross-chain synthetic asset dApp yet, PERI Finance DEX came up with a solution for the cross-chain based synthetic asset DEX service for the first time in the history of DeFi world.
What is PERI Finance?
PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that operates on Ethereum, Binance Smart Chain, Polygon, and Moonriver network. It allows its users to access a wide range of both traditional financial and crypto assets in leveraged and non-leveraged synthetic products. PERI Finance platform offers low gas fee, speedy transactions, ample security from front-running and flash loans.
Most traditional financial platforms require unnecessarily complicated process before trading such as KYC verification and conversion from fiat currency to crypto asset. Unlike its traditional counterparts, Pynths DEX offers speedy and convenient synthesized asset transactions without complicated pre-requisite procedures.
PERI is a utility token that can create a liquidity pool through staking mechanism, generating the basic Pynths (PERI Synthetic assets) called pUSD. PERI Finance is building a comprehensive ecosystem that utilizes PERI and pUSD tokens. Users can stake their PERI token on the staking dApp to mint pUSD tokens. Staking PERI token does not only let the users mint pUSD, but also generate double-digit APY PERI rewards. Users can also stake USDC, DAI, and LP tokens on PERI staking dApp to generate rewards and mint pUSD.
By staking tokens on PERI staking dApp, holders can receive regular staking rewards based on the tokenomics. These tokens are distributed to stakers based on their amount of PERI token staked on the dApp.
Services Provided by PERI Synthetic Assets DEX dApp
Pynths(PERI Synthetic assets) Trading
Users can trade Pynths with pUSD stablecoin minted from PERI staking dApp. PERI Finance supports more than 20 distinct Pynths on DEX dApp, including pUSD, pBTC, pETH, pBNB, pEUR and more. PERI finance provides a wide range of mirrored financial assets to be traded with pUSD, facilitating trades compared to trading traditional assets.
Cross-chain Pynths Bridge
PERI Finance provides its users a cross-chain bridge from and to Ethereum, BSC, Polygon, and Moonriver on the DEX platform. The bridge enables PERI holders to effortlessly access DEX on Moonriver with their staked assets on Ethereum, Binance Smart Chain, and Polygon networks.
Pynths Asset Overview
Pynths trading history is recorded on the assets page. Assets page includes users’ current Pynths asset value and overall trade histories, making it easy for the users to keep track of their trading activity.
Next Steps
Following the DEX launch will be an addition of a perpetual futures swap function for PERI DEX users later in the second half of this year. PERI DEX users will be able to enjoy leverage trading up to 20x on top of synthetic asset trades, attracting many more DEX users in the DeFi space. Along the journey, Chainlink will play as a very important partner in building price feeds for PERI’s dApp.
Apart from traditional DeFi services, PERI is planning to expand to the realm of NFT as well, combining NFT and DeFi as a pioneer of web3.
The pioneer of cross-chain based DEX project: PERI Finance aims to be the best in the market with its promises
PERI finance proved itself by finding a solution for the cross-chain based synthetic asset DEX service with its low gas fee. In addition, PERI Finance promises a more accessible decentralized synthetic asset trading platform for all DeFi users with its integration on the Moonriver network.
To learn more about PERI Finance visit pynths.com
PERI DEX URL: https://dex.peri.finance
Social Links :
Twitter: https://twitter.com/PERIfinance
Medium: https://medium.com/perifinance
Telegram: https://t.me/peri_global