PERI Finance dApp Implements MakerDAO’s Stablecoin $DAI
We are proud to announce that MakerDAO has conducted a strategic partnership with PERI Finance, implementing the DAI stablecoin in PERI Finance’s staking services. This partnership creates additional liquidities into our community, allowing our community to benefit from more options to stake in our dApp.
The DAI Staking is available on PERI Finance begins on following next week. Our staking dApp is currently running on polygon mainnet. PERI Finance set its staking dApp as a weekly rewarded system and every week there are about 77,000 PERIs are rewarded to the liquidity providers who claim their staking rewards.
Through conducting the partnerships, we are expecting that MakerDAO provides liquidity support to PERI Finance’s communities, ensuring its tokens’ stability on DeFi platforms. At the same time, DAI is integrated into various DeFi platforms that users can easily utilize for other services, thus PERI Finance can attract widespread users by adapting DAI stablecoin.
MakerDAO is an open-source project on the Ethereum blockchain and a Decentralized Autonomous Organization created in 2014. The project is managed by people around the world who hold its governance token, MKR. Through a system of scientific governance involving Executive Voting and Governance Polling, MKR holders manage the Maker Protocol and the financial risks of DAI to ensure its stability, transparency, and efficiency. MKR voting weight is proportional to the amount of MKR a voter stakes in the voting contract, DSChief. In other words, the more MKR tokens locked in the contract, the greater the voter’s decision-making power.
About PERI Finance
PERI Finance is an innovative synthetics issuance and derivatives market that utilizes blockchain technology to supercharge trades through its protocol.
PERI Finance allows accessing a wide range of both traditional financial and crypto assets in the form of leverage and non-leverage synthetic products. We empower users with the lower GAS fee, speedy transactions, and ample security from front-running or flash loan.