PERL Burn-Merge: Transition to New DeFi Opportunities

An Important Update for PERL Token Holders

The PERL Burn-Merge offers token holders an opportunity to transition into five new projects within the THORChain-centric ecosystem. This initiative provides a pathway to participate in an evolving DeFi landscape while leveraging the value of your current holdings.

What is the PERL Burn-Merge?

In early 2024, the PERL team partnered with JPTHOR, founder of THORChain, to support his vision of a THORChain-focused ecosystem. This collaboration has led to the creation of five projects, each contributing to different layers of the DeFi stack:

DECASwap ($DECA): Interface Layer | https://www.decaswap.com
Vultisig ($VULT): Wallet Layer | https://vultisig.com
Rujira ($RUJI): App Layer | https://rujira.network
Yieldi ($YIELDI): Liquidity Layer | https://www.yieldi.xyz
WeWe ($WEWE): Meme Layer | https://weweswap.com

JP’s vision to unite synergistic teams and technically outstanding projects has already been demonstrated with the successful Kujira-Levana merger, which integrated two distressed assets into a unified app layer for THORChain as the Rujira Alliance ($RUJI). Building on this momentum, development across all five new projects is progressing rapidly.

Participating in the burn-merge will grant $PERL holders investor allocations in these projects, valued higher than the current $PERL fully diluted valuation (FDV). The opportunity for these projects to grow, with fees switched back to token holders, is significant.

How the Burn-Merge Works

Starting 9 Jan 2025, $PERL token holders can burn their tokens to receive allocations in the five new projects. The burn-merge window will close on 31st March 2025. Here’s how it works:

Burn your $PERL: Exchange your $PERL for investor tokens in $WEWE, $DECA, $VULT, $RUJI, and $YIELDI.

• Tokens already live (e.g., $WEWE) will be credited at the end of the burn-merge window.
• For tokens pending their Token Generation Event (TGE), you’ll receive an IOU redeemable post-TGE.

Unburnt Allocation: Any unburnt $PERL at the end of the period will no longer be centrally supported, and their allocation will be redistributed among participants.

Dynamic Score Calculation

Every $PERL burn contributes to your score using a time-based multiplier:

Multiplier Table

Example:

• Week 0 Burn: Burn 100 $PERL → 1050 points
• Week 4 Burn: Burn 100 $PERL → 700 points

Cumulative Score = Sum of all burn events’ scores

The earlier you burn, the higher your multiplier and allocation in the new projects.

How to Participate

The burn-merge can only be transacted in a Vultisig wallet. Detailed instructions on how to participate in the burn-merge can be found on https://docs.perl.eco/perl-burn-merge

Important Deadlines

• Burn-Merge Start Date: 9th January 2025
• Burn-Merge End Date: 31st March 2025

Unburnt $PERL will no longer be centrally supported after this period, and the team will shift focus entirely to the new ecosystem. Take action to secure your allocations.

Why Participate?

• Transition to New Opportunities: Access five emerging DeFi projects.
• Enhanced Valuation: Tokens received will reflect a premium over $PERL’s current FDV.
• Exclusive Access: Available only to $PERL holders during this limited window.

This is your chance to move forward with the evolving DeFi ecosystem. Participate early to make the most of this opportunity.

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