PolkaFoundry and Pera Partnership to Promote Trading Competition Protocol
The partnership aims at accelerating the decentralized trading competitions in the Defi space
We are pleased to announce that PolkaFoundry has partnered with Pera Finance, the first decentralized trading competition platform with multi-layered yield farming opportunities. The scope of our partnership is as follows:
- PolkaFoundry connects a wide network of decentralized finance (DeFi) applications to Pera, which will increase the adoption of Pera technology.
- Pera offers a unique, customizable, and fully decentralized trading competition protocol to the PolkaFoundry ecosystem.
The available Defi protocols only focus on generating supply-side liquidity by rewarding liquidity providers (LPs) and sleep on the traders’ incentives. Most decentralized exchanges (DEXs) rely on uncontrolled emission-based yield farming and single-layer yields which fail to provide sufficient income to users.
Based on the concept of daily trading competition, Pera designed an unprecedented yield farming mechanism that provides highly competitive rewards. Any user contributing either liquidity, volume, or stability to the ecosystem can profit from additional income streams. Pera also creates a sustainable reward structure combining both inflationary and deflationary methods. Aside from yield farming, Pera aims to be a full-featured option trading platform on BSC that supports regular, synthetic, and binary options.
The partnership between PolkaFoundry and Pera holds special promise for the Defi space. By connecting projects with Pera’s next-gen protocol, PolkaFoundry expects a step-change in the way yield farming and options trading to be addressed in the decentralized applications.
About Pera Finance
Pera Finance is a platform where traders, liquidity providers, holders and stakers can yield farm together. With the DeFi’s first decentralized trading competition, Pera Finance aims to be DeFi’s most sustainable and profitable yield farming protocol.
Pera Finance is a new type of trading and yield farming protocol, designed to secure long-term trading volume and liquidity utilization for the whole DeFi ecosystem. Pera Finance offers decentralized and customizable trading competitions to DeFi space and includes traders to the yield farming space for the first time, what we call DeFi 2.0!
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About PolkaFoundry
PolkaFoundry is a platform for building borderless and frictionless DeFi & NFT dapps on Polkadot. It aims to be the one-stop production hub for DeFi & NFT dapps with all the necessary features, services, integrations, and tools for DeFi experiments, innovations, and real-world solutions. Taking advantage of Polkadot’s interoperability and scalability and integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dapps as easy to use as everyday applications and bring dapps to the masses.
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