PERL’s Migration to Polygon for a Sustainable Future
In the face of change, we find new opportunities to thrive and innovate. Today, we’re thrilled to share an exciting update that turns the page to a brighter chapter in the PERL.eco story. While Binance’s recent decision to delist PERL may initially raise concerns, we want to shift the focus towards the positive strides we’re taking and the promising future that lies ahead.
Lowering Barriers: Embracing Polygon’s Lower Gas Fees
In a strategic move to enhance accessibility and reduce transaction costs, PERL is migrating to Polygon. We recognize the importance of ensuring a seamless and cost-effective trading experience for our community. The significantly lower gas fees on Polygon will not only make transactions more affordable but also foster a more inclusive environment for PERL holders.
Incentivized Liquidity Pool: Seizing Opportunities, Earning Rewards
To celebrate this transition, we’re launching an incentivized liquidity pool on Sushiswap. By providing liquidity to the new PERL-wETH pool, you not only contribute to the liquidity of the PERL ecosystem but also open the door to exciting rewards. It’s an opportunity for our community to actively participate in shaping the future of PERL while providing an alternative and rewarding avenue for PERL holders.
In the first phase of the 3-month liquidity incentive campaign, we are allocating 1,000,000 PERL to liquidity providers in the Sushi pool.
Rewards will start distributing starting Dec 7, 2023.
Liquidity providers will earn a portion of the PERL incentive according to the size of liquidity provided. In addition to the PERL incentives, liquidity providers will also make 0.3% of all transaction fees on the pool!
Read here for the guide to bridge your PERL tokens from Ethereum to Polygon: https://docs.perl.eco/perl-token-101/bridging-perl
Providing Liquidity: https://docs.perl.eco/perl-token-101/providing-liquidity
Urgent Action Required for Binance Smart Chain PERL Holders:
As part of Binance’s delisting decision, support for PERL on the Binance Smart Chain will also be terminated. While it is unclear if Binance will reverse the decision to delist PERL, we strongly urge all PERL holders on the Binance Smart Chain to take immediate action and deposit your PERL tokens back to Binance before the deposit support ends on December 8, 2023, 03:00 (UTC). This proactive step will ensure the smooth transition of your PERL holdings and prevent any inconvenience caused by potential token lock-ups on the Binance Smart Chain.
As we embark on this new chapter, we are grateful for the support and resilience of the PERL community. Together, we can navigate challenges and continue building a sustainable and impactful ecosystem. The launch of the incentivized liquidity pool on Polygon Sushiswap marks the beginning of exciting opportunities, and we invite you to join us on this journey.
Thank you for your trust and continued support.
