PERI Finance
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PERI Finance

PERI Finance Report — November 2022

We are thrilled to share our November monthly report of PERI Finance. Our team members have focused on additional dApp updates. This November edition of PERI Finance monthly report covers details of current updates. Please see each section below:

Updates to PERI.staking

PERI Liquidation Process

PERI team decided to update the liquidation process. The protocol no longer carries out the liquidation process it self. Instead, only liquidators can participate in the all liquidation process by buying the debts.

Even in the condition of C-ratio falling under 100% which is the value of the collateral is lower than that of the debt, liquidators still can take the collateral with 10% discount by covering only part, but not all, of the debt.

Updates to PERI.DEX

Trading Chart

PERI.DEX now provides candlestick charts for users to detect and predict market trends over time. Please be aware that this candle stick charts do not represent real-time data. The charts are only for the reference.

About PERI Finance

PERI Finance is a decentralized, cross-chain mirrored asset issuance and derivatives exchange on the Polkadot, Kusama, and Moonriver network. PERI Finance allows accessing a wide range of both traditional financial and crypto assets in the form of leverage and non-leverage mirrored products. PERI Finance empowers users with the lower GAS fee, speedy transactions, and ample security from front-running or flash loan.

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PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity

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Pynths Protocol

Pynths Protocol is developing 'PERI Finance', a decentralized cross-chain synthetic issuance and derivative exchange and 'NEND', an NFT monetization platform