|Total Value Locked||24H|
|in ETH||8.5K ETH||-6.5%|
|in BTC||303 BTC||-7.1%|
|PERL Locked||91.4M PERL||+14.5K PERL|
|% Supply Locked||8.85%|
PerlinX is a decentralized finance interface platform, allowing users to trade assets of any kind with each other through incentivized liquidity mining and synthetic asset generation. PerlinX utilizes incentivized liquidity provision through the use of liquidity pools powered by the Balancer protocol. Participants can stake their PERL tokens to provide liquidity and be rewarded for doing so. Rewards for liquidity provision will initially be distributed in PERL, BAL and UMA tokens. PerlinX also leverages the UMA protocol to generate synthetic assets. Each asset will have its own price feed, which is powered by UMA's Data Verification Mechanism (DVM), a decentralized oracle that's designed to solve the problem of centralized and corruptible oracle price feeds. All synthetic assets on PerlinX will have the prefix px (eg. pxGold, pxCarbon, etc). Every synthetic asset created using the PerlinX platform will require PERL as collateral. Perlin's mission is to bridge legacy financial systems and products to DeFi and democratizing market access for all. Perlin is focused on helping to create more efficient, equitable, and open marketplaces and economies that can benefit everyone everywhere. As the first-ever project in the world to enable synth asset minting based on UMA Protocol.
PerlinX's dApp can be accessed here. There you can trade PERL with different currency pairs and even mint synthetic assets to get exposure to the underlying asset without leaving the crypto space. The APR dashboard for providing liquidity can be found here.