ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Submit Guest Post
  • Contact Us
Best Crypto Blog Website
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
Advertisement
No Result
View All Result
Wootfi Media
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
Advertisement
No Result
View All Result
Wootfi Media
No Result
View All Result
ADVERTISEMENT
Home COINS

What Is Penrose Finance (PEN) Coin Review ? Complete Guide Review About Penrose Finance

Denny Bitsong by Denny Bitsong
15/05/2023
What Is Penrose Finance (PEN) Coin Review ? Complete Guide Review About Penrose Finance
Share on FacebookShare on Twitter

What Is Penrose Finance (PEN) Coin Review ?

Penrose Finance is a protocol for optimizing yield, voting rights and liquidity provision on Dystopia. Dystopia is a decentralized exchange (AMM) where tokens can be exchanged with user-provided liquidity. These users earn DYST emissions. Those who lock DYST will receive veDYST and a higher percentage of DYST rewards. veDYST or vote escrowed DYST is a concept first introduced by Curve Finance that aims to reward long-term users of a protocol. Those holding veDYST will receive trading rewards from the protocol as well as voting rights to direct DYST issuance.

Penrose Finance When users deposit their veNFT or DYST, they automatically receive a proportional amount of penDYST (penDYST is minted 1:1 for deposited DYST). penDYST is a tokenized, fungible representation of 1 locked Penrose DYST. Due to the way Dystopia’s rebase mechanism works, this position is never diluted as Penrose automatically converts rebased DYST to penDYST and passes this on to penDYST stakers.

Penrose Finance (PEN) Storage Key Points

Coin BasicInformation
Coin NamePenrose Finance
Short NamePEN
Circulating Supply2,122,010.00 PEN
Max SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Why Penrose?

Penrose is a coalition of the leading protocols on Polygon. They aim to pool collective resources for the greater good of Polygon and are looking for partners that share long-term commitment to the ecosystem’s sustained growth and development. A summary of Penrose’s benefits are listed below:

  • Penrose allows Dystopia LP depositors and veNFT holders to maximize their returns.
  • They aggregate voting power on Dystopia and allow vlPEN holders to vote for LP DYST emissions while earning as the same time.
  • Voting with Penrose is more effective than voting with your NFT directly.
  • Holders of vlPEN receive bribe revenue for directing their share of veDYST votes.
  • Penrose has low fees and no development share, allowing users to maximize their earnings within the Dystopia ecosystem.

Tokens

penDYST (Tokenized veDYST)

  • Tokenized deposits, minted 1:1 for each DYST locked in the platform.
  • Stake to receive platform fees (DYST), Dystopia bribes and trading fees, PEN, and penDYST rewards.

Penrose Token (PEN)

  • Lock to receive a share of platform fees as penDYST.
  • Lock PEN for vlPEN to vote for Dystopia emissions gauge weights and receive bribe rewards.
  • PEN is minted pro-rata for each DYST token claimed on Penrose.
    • Any changes to Penrose’s emissions will be controlled by holders of vlPEN.

Penrose for Liquidity Providers

Penrose allows liquidity providers to earn boosted DYST and liquidity mining rewards with minimal effort.

  • Earn claimable DYST with a high boost without locking any DYST.
  • Earn PEN rewards based on DYST earned.
  • Liquidity providers for Penrose pairs (penDYST/DYST & PEN/WMATIC) can earn an additional 0-5% platform fee in penDYST.

Penrose for DYST Stakers

Penrose Finance When users deposit their veNFT or DYST, they automatically receive a proportional amount of penDYST (penDYST is minted 1:1 for DYST deposited). penDYST is a tokenized, fungible representation of 1 locked Penrose DYST. Because of the way Dystopia’s rebase mechanism works, this position will never be diluted, as Penrose automatically converts rebased DYST into penDYST, and passes this along to penDYST stakers.

penDYST stakers on penDYST are enitled to the following benefits:

  • No dilution, as ve(3,3) rebases are passed along to stakers as more penDYST.
  • Since penDYST is a liquid token, it allows stakers to easily exit their locked position at any time.
  • 10% share of DYST earned by Penrose protocol LPs, as DYST.
  • Protocol-optimized Dystopia trading fees.
  • Protocol-optimized Dystopia gauge bribes.
  • At least 5% floor share of all PEN emissions (see below for bonus details).

Supercharged yields on your own liquidity

Penrose Finance the optimization of Penrose and earn increased DYST and Liquidity mining rewards with minimal effort!

Stake PEN to grow your share of the platform’s earnings

Earn Dystopia’s protocol fees, lesser locking duration (4 years > 16 weeks) as well as optimized bribes!

Have a voice in how Penrose expands

Control voting power, decide on DYST emissions, earn protocol fees and expand alongside Dystopia & Penrose.

Tags: Penrose FinancePenrose Finance loginPenrose Finance sign up
Denny Bitsong

Denny Bitsong

Next Post
What Is Armor NXM (arNXM)?

What Is Armor NXM (arNXM)? Complete Guide Review About Armor NXM.

LATEST .PRESS RELEASE

elon jack twitter deso 1664807478cqsPLXhJRL

DeSo is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain

15/05/2023

Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

13/02/2023

LATEST NEWS

Join the Sports Tournament on 1xBit

Join the Sports Tournament on 1xBit: Any Ticket Can Turn Up 50 mBTC

01/06/2023
Save Easter Eggs with 1xBit and Win Crypto

Save Easter Eggs with 1xBit and Win Crypto

18/05/2023
Venezuelan authorities urged mining companies and cryptocurrency exchanges in the country to stop working

Venezuelan authorities urged mining companies and cryptocurrency exchanges in the country to stop working

24/04/2023
Ethereum price

Ethereum price back to critical support: ETH technical analysis

24/04/2023
Altcoin rising 55% by challenging the falling market

Altcoin rising 55% by challenging the falling market

22/04/2023
Ripple price lost critical $ 0.5 support: XRP's new target

Ripple price lost critical $ 0.5 support: XRP’s new target

22/04/2023
Wootfi Media

Welcome to Wootfi, your number one source for all things [Cryptocurrency]. We’re dedicated to giving you the very best of [Crypto Review], with a focus on [Blockchain Technology ], [Crypto News], [Investment Website].

Follow Us

Categories

  • Affiliate Program
  • AIRDROPS
  • Best Crypto Wallet
  • Bitcoin News
  • Blockchain News
  • Buy Crypto
  • Cardano News
  • CASINO REVIEW
  • CLOUD MINING
  • COINS
  • Crypto News
  • Crypto Press Release
  • DEFI
  • Earning Survey Sites
  • Education Platform
  • Ethereum News
  • Exchange
  • Features
  • Fintech
  • Forex
  • Format Folder
  • Government News
  • Guide
  • ICO
  • Investment
  • Lending
  • News
  • NFT NEWS
  • Press Release
  • Ripple News
  • Uncategorized
  • WALLET
  • Web Hosting
ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Submit Guest Post
  • Contact Us

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .

No Result
View All Result
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .