PERI Finance Report — October 2021

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PERI Finance

3 min readNov 4, 2021

We are pleased to share the monthly report of PERI Finance. In the month of October, PERI Finance core development team has focused its efforts on finalizing the updates to launch synthetic assets DEX and the team had hold AMA sessions to communicate with the users in diverse regions. Here’s the detailed report below.

PERI Exchange — Development in Progress

Our team is currently developing PERI Exchange, the decentralized Pynths(PERI synthetic assets) exchange on the Polkadot network. PERI Exchange dApp will provide Pynths spot trading with the user’s minted pUSD token.

On PERI Exchange, various kinds of Pynths will be included such as a synthesized blockchain asset (pBTC, pETH, pBNB, etc), stocks(pTSLA, pGOOGL, pAMZN, etc), commodities (pXAU, pXAG, pWTI, etc.), inverse products(piBTC, piETH, piTSLA, piXAU, etc). Wide range of financial assets will provide to users by trade with the minted pUSD, and users don’t need to buy or hold the original assets.

PERI Exchange is a Pynths(PERI Synthetic Assets) derivative Decentralized Exchange(DEX) where users can trade a variety of financial assets. After the DEX dApp launch, PERI Exchange will develop to service perpetual contract exchange, and users can invest Pynths for long or short positions with up to 20x leverage. PERI Finance will provide a wide range of synthetic asset products over the traditional finance barrier. Users can participate in trading various kinds of financial synthetic assets by staking PERI tokens on dApp.

For providing a safer and more stable platform to users, our team members currently having internal tests and improvements of PERI Exchange dApp. We will officially announce the pre-launch test to users once these developments and tests are finished.

Community Activities

This October, PERI Finance had participated in AMA sessions with several regional communities: Indonesia and the Arabian region. AMA was proceeded with English and translated to local languages. PERI Finance will provide additional community sessions to communicate with users based on diverse regions.

Also, our strategic investor BlackDragon Capital has released an in-depth AMA page on the research session. Check the details on the link below:

PERI FINANCE - AMA - BlackDragon Research

If you could describe your project in the most straightforward manner in a couple of sentences, what would they be…

research.blackdragon.io

Bottom Line

Over the past month, the PERI Finance core development team has focused its efforts on finalizing the updates to PERI Exchange(DEX) for integrating Polkadot network. The team has also been working on a protocol for improving testing methodology by simulating the various oracles for stable price feed changes. PERI Finance will provide users with innovative and stable dApps. Thank you for being great supporters of PERI Finance.

Please follow PERI Finance’s communities for stay up-to-date additional news!