About PERI Finance

PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity for leveraged and non-leveraged synthetic assets on the Polkadot network. It addresses high transaction costs and market manipulation in DeFi by offering low GAS fees, fast transactions, and protection against front-running and flash loan attacks.

```xml <problem> Decentralized finance (DeFi) platforms often suffer from high transaction costs and susceptibility to market manipulation, such as front-running and flash loan attacks, hindering accessibility and fairness. Existing solutions lack the cross-chain capabilities needed to provide users with a wide range of synthetic assets. </problem> <solution> PERI Finance is a cross-chain synthetic asset issuance and derivatives exchange protocol built on Polkadot, designed to provide unlimited liquidity for both leveraged and non-leveraged synthetic assets (Pynths). The protocol aims to mitigate the issues of high gas fees and market manipulation by offering low transaction costs, fast transaction speeds, and security measures against front-running and flash loan exploits. Users can access a diverse array of traditional financial and cryptocurrency assets through Pynths, which track the price of underlying assets like Forex, cryptocurrencies, and commodities. The PERI Exchange facilitates the conversion of Pynths with infinite liquidity and no slippage, enabling users to take long or short positions with up to 20x leverage. </solution> <features> - Cross-chain compatibility, enabling access to a wide range of assets across different blockchain networks. - Pynth staking mechanism, where users stake PERI tokens to mint pUSD and provide liquidity to the platform. - Integration with NEND Protocol to provide leverage lending options within the PERI ecosystem. - Decentralized exchange (DEX) with a user-friendly interface (UX/UI) for converting Pynths. - Oracle price feeds for accurate Pynth pricing, combined with a virtual AMM for perpetual contract pricing. - Governance through PERI Improvement Proposals (PIP) allowing community input on platform development. - Support for Real World Asset (RWA)-linked synthetic assets, expanding the platform's offerings. </features> <target_audience> PERI Finance targets DeFi users and traders seeking access to a wide range of synthetic assets with high leverage, low transaction costs, and protection against market manipulation, as well as artists and investors looking to monetize assets through Pynths. </target_audience> <revenue_model> The platform generates revenue through trading fees on the PERI Exchange and potential fees associated with the NEND Protocol's leverage lending services. </revenue_model> ```

What does PERI Finance do?

When was PERI Finance founded?

PERI Finance was founded in 2016.

How much funding has PERI Finance raised?

PERI Finance has raised 4700000.

Founded

2016

Funding

4700000

Employees

12 employees

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

PERI Finance

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

pynths.com 100+

Crunchbase

Founded 2016

Funding

Estimated Funding

$3M+

Team (10+)

No team information available.

Company Description

Problem

Decentralized finance (DeFi) platforms often suffer from high transaction costs and susceptibility to market manipulation, such as front-running and flash loan attacks, hindering accessibility and fairness. Existing solutions lack the cross-chain capabilities needed to provide users with a wide range of synthetic assets.

Solution

PERI Finance is a cross-chain synthetic asset issuance and derivatives exchange protocol built on Polkadot, designed to provide unlimited liquidity for both leveraged and non-leveraged synthetic assets (Pynths). The protocol aims to mitigate the issues of high gas fees and market manipulation by offering low transaction costs, fast transaction speeds, and security measures against front-running and flash loan exploits. Users can access a diverse array of traditional financial and cryptocurrency assets through Pynths, which track the price of underlying assets like Forex, cryptocurrencies, and commodities. The PERI Exchange facilitates the conversion of Pynths with infinite liquidity and no slippage, enabling users to take long or short positions with up to 20x leverage.

Features

Cross-chain compatibility, enabling access to a wide range of assets across different blockchain networks.

Pynth staking mechanism, where users stake PERI tokens to mint pUSD and provide liquidity to the platform.

Integration with NEND Protocol to provide leverage lending options within the PERI ecosystem.

Decentralized exchange (DEX) with a user-friendly interface (UX/UI) for converting Pynths.

Oracle price feeds for accurate Pynth pricing, combined with a virtual AMM for perpetual contract pricing.

Governance through PERI Improvement Proposals (PIP) allowing community input on platform development.

Support for Real World Asset (RWA)-linked synthetic assets, expanding the platform's offerings.

Target Audience

PERI Finance targets DeFi users and traders seeking access to a wide range of synthetic assets with high leverage, low transaction costs, and protection against market manipulation, as well as artists and investors looking to monetize assets through Pynths.

Revenue Model

The platform generates revenue through trading fees on the PERI Exchange and potential fees associated with the NEND Protocol's leverage lending services.