PERI Finance X SeerLabs AMA Recap
AMA Info
Date: 10:00(UTC), 19th July 2021
Place: SeerLabs Wechat Community
Q&A Sessions with Host
Tongxie Liu | Host of AMA Session: What makes your project different from other projects, and what are its actual use cases?
Gareth Bowles | Co-founder of PERI Finance: PERI Finance is going to make synthetic assets decentralized exchange (DEX). Synthetic assets mean that synthesized assets which have the same values as other assets. For example, let’s say that the NIO stock’s synthetic token is called pNIO. You can buy a pNIO token instead of the stock itself and that price goes the same with original stock. This will make users trade various kinds of traditional and crypto-assets on a single exchange, and users can buy those assets by minting pUSD on the PERI Finance’s staking dApp. So PERI Finance will role as a bridgehead between crypto and financial sectors, and this will be a different thing with other projects.
Tongxie: How to attract and motivate users at this stage?
Gareth: Users holding PERI tokens can receive rewards through staking in a dApp. These rewards will allocate to users respectively. So the earlier users participate in staking, the more rewards they can get.
Tongxie: What is the biggest milestone of your project? What are the plans for the future?
Gareth: I will share PERI Finance’s roadmap for you:
- July: Technological Implementation
Chainlink Price Feeds, Polygon Network, DAI Stablecoin, etc.
- August: PERI DEX Launch on Testnets
- September: Launch PERI Decentralized Exchange Service
Create and Trade diversified Pynths from PERI DEX, Other Crypto tokens, Forex, Commodities, etc.
- October: Launch PERI NFT Decentralized Exchange Service
Generate NFT Fractional Assets by staking NFT on PERI Vault
- November: Launch Pynths Perpetual Futures Service
Add leverage to Pynths up to 20X
Tongxie: When you build a project, do you consider the feedback and needs of the community?
Gareth: Sure, we are. PERI Finance always opens to the community to users worldwide. We have talented Community managers on the Wechat Chinese PERI Community and Telegram Global room, so users are free to ask us any questions and suggestions.
Also, we are going to explain as easier as possible to new users who are hesitant about joining our DeFi ecosystem like holding many community programs like AMA sessions, community talk, etc. So please join our WeChat channel and stay tuned for further updates.
Tongxie: Users holding $PERI tokens can participate in community proposals and decisions. What mechanisms can fully guarantee the value of $PERI tokens?
Gareth: PERI tokens can be used for staking, minting the pUSD, and PERIDAO’s governance voting. After DEX is launched, PERI staking participants can buy different kinds of synthetic assets which are called ‘Pynths’, by using their minted pUSD. So PERI holders can use their tokens on diversified functions, and this will make PERI more valuable.
Tongxie: Partners are very important for every project today. Which partners do you have now? Which partners will you go to in the future?
Gareth: PERI Finance also agrees that partnerships with several projects are essential. So that we integrated price feed middleware with Chainlink, and partnership with Polygon network to enhance transaction speed and save the gas fee for users.
Also, lots of renowned venture capitals invested in our project as you can see on our main page, including LD Capital, OneBlock, Ruby Capital, Dasheng Capital, and more.
We believe that we can make the project success with our various partners.
Tongxie: Your project has successfully intercepted hacker wallet on Ethereum main network. Can you tell us more about it? In addition, what are the security mechanisms in your project to ensure that users’ assets are not targeted by hackers?
Gareth: Recently, our previous technical partner Chainswap was hacked by anonymous users. But even though hackers stole PERI tokens in Chainswap’s Liquidity pool, the PERI Finance team has swiftly moved to block the hacker’s smart contract address to prevent any additional transaction. And we can declare that PERI Finance successfully protected all the user’s assets by Chainswap’s hacking issue.
Also, we have been audited by CertiK, a reliable code audit institution, and declared that PERI’s smart contract doesn’t have any other critical security issues.
As always, PERI Finance will always keep security as a top priority to secure users’ assets.
Tongxie: Please give some suggestions on cryptocurrency investment to the community members who are participating today.
Gareth: As I mentioned in the first question, Defi is still has a lot of potential in the crypto sector. And PERI Finance will launch synthetic assets exchange DeFi dApp, which makes users use it easily. We’re announcing to users about detailed guide and updated news through Weibo and Wechat official account in Chinese, so please follow our channels to follow up on our latest news. This will be very helpful to understand DeFi industry for users who are considered at investing in crypto-assets.
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 transaction, and ample security from front-running or flash loan.
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