PERI Finance is making great strides with the announcement of the launch of Moonriver Mainnet DEX on April 30th. Users can now start trading with pUSD on PERIDEX using the cross-chain token bridge service built on dApp.
PERI Finance DEX provides traders with a seamless environment for their transactions Synth Asset. It can be created by staking a PERI token into the PERI staking dApp. DEX also benefits PERI stackers by distributing DEX transaction fees to PERI stackers. PERI’s DEXdApp uses Chainlink Price Feeds to accurately track decentralized and mirrored crypto assets.
Although there are no successful projects with the cross-chain synthetic asset dApp yet, PERI Finance DEX has devised the first cross-chain based synthetic asset DEX service solution in the history of the DeFi world.
What is PERI Finance?
PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that operates on Ethereum, Binance SmartChains, Polygons, and Moon River Networks. This gives users access to both traditional financial and crypto assets of leveraged and unleveraged synthetic products. The PERI Finance Platform offers low gas rates, fast transactions, front running and sufficient security from flash loans.
Most traditional financial platforms require unnecessarily complex processes prior to trading, such as KYC verification and fiat to crypto assets conversion. Unlike traditional counterparts, Pynths DEX provides fast and convenient synthetic asset transactions without complicated prerequisite steps.
PERI is a utility token that can create a liquidity pool through a staking mechanism and generate a basic Pynth (PERI synthetic asset) called pUSD. PERI Finance is building a comprehensive ecosystem that leverages PERI and pUSD tokens. Users can stake PERI tokens into a staking dApp to create pUSD tokens. Steaking PERI tokens allows users not only to create pUSD, but also to generate double-digit APYPERI rewards. Users can also stake USDC, DAI, and LP tokens into the PERI staking dApp to generate rewards and mint pUSD.
By staking tokens into the PERI Staking dApp, holders will receive regular staking rewards based on Tokenomics. These tokens will be distributed to stackers based on the amount of PERI tokens bet on the dApp.
Services provided by PERI Synthetic Assets DEXdApp
Pynths (PERI Synthetic Assets) Trading
Users can redeem Pynths for pUSD stablecoins created from the PERI staking dApp. PERI Finance supports over 20 different Pynths with DEXdApp, including pUSD, pBTC, pETH, pBNB, pEUR and more. PERI Finance offers a wide range of mirrored financial assets traded on pUSD, making trading easier compared to trading traditional assets.
Cross chain pins bridge
PERI Finance provides users with a cross-chain bridge to Ethereum, BSC, Polygon and Moonriver on the DEX platform. This bridge gives PERI holders easy access to Moonriver’s DEX using assets bet on Ethereum, Binance Smart Chain, and Polygon networks.
Overview of Pynths assets
Pynths transaction history is recorded on the assets page. The asset page contains the user’s current Pynths asset value and overall transaction history, making it easy for users to track their trading activity.
Next step
Following the launch of DEX, a permanent futures swap feature for PERIDEX users will be added later this year. PERI DEX users can enjoy up to 20 times more leveraged trading in addition to synthetic asset trading and can attract more DEX users in DeFi space. Along the way, Chainlink will serve as a very important partner in building PERI’s dApp price feed.
Apart from traditional DeFi services, PERI plans to combine NFT and DeFi as a pioneer of Web3 and expand into the area of NFT.
Pioneer of cross-chain based DEX projects: PERI Finance aims to be the best in the market with that promise
PERI Finance has proved itself by finding a solution for cross-chain based synthetic asset DEX services with low gas rates. In addition, PERI Finance is integrated into the Moonriver network, ensuring a decentralized synthetic asset trading platform that is more accessible to all DeFi users.
For more information on PERI Finance, please visit: pynths.com
PERI DEX URL: https://dex.peri.finance
Social link:
twitter: https://twitter.com/PERIfinance
Medium: https: //medium.com/perifinance
Telegram: https: //t.me/peri_global
