Polygon is one of the five largest DeFi networks on the market, but its growth rate is not as rapid as other Layer 2s. Today we come to an important piece of the puzzle on Polygon, Pearl Exchange. So what is Pearl Exchange? Let’s find out through the article below.
To better understand what Pearl is, people can refer to some of the projects below to get an overview of Pearl:
- What is Velodrome (VELO)? Velodrome Cryptocurrency Overview
- What is Polygon (MATIC)? Polygon Cryptocurrency Overview
Pearl Exchange Overview
What is Pearl Exchange?
A DEX launched as the first AMM ve(3,3) liquidity layer on Polygon, forked from Solidly to replicate the success of Optimism’s Velodrome. The team behind Pearl identified a critical gap in the DeFi ecosystem on Polygon.
With priority given to RWA (Real World Assets) and driving value creation. Pearl provides liquidity to all new protocols and has an effective way to incentivize long-term liquidity.
The Pearl difference
- Pearl is a bribery-driven economy backed by USDR – stablecoins forced into token pairs within the protocol. When TVL increases, bribes to voters increase.
- Innovate the ve(3,3) model by building a protocol that provides flexibility between epochs as a token driver and provides long-term liquidity.
- The rebase method provides token inflation protection that will increase linearly from 0% to a maximum of 50% with a $vePEARL lock rate of 80%.
Mechanism of action
When users join Pearl Exchange, they will go through some basic steps below:
- Step 1: Need to move liquidity from v1 to v1.5, then perform any token swap
- Step 2: Participate in voting in the liquidity pool to receive USDR yields
- Step 3: Lock PEARL to earn lucrative fees and bribes
Development Roadmap
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Core Team
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Investor
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Tokenomics
Overview information about PEARL token
- Token Name: PEARL
- Ticker: PEARL
- Blockchain: Polygon
- Token Standard: ERC 20
- Contract: 0x7238390d5f6f64e67c3211c343a410e2a3dec142
- Token Type: Utility
- Total Supply: 310,000,000 PEARL
Token Allocations
- DEX liquidity: 4%
- Protocol Airdrop: 30%
- Tangible 3.3+: 10%
- Airdrop: 18%
- Team: 22%
- Ecosystem grant: 10%
- Marketing: 6%
Token Release
- Weekly emissions (at start): 2,600,000 PEARL
- Weekly emissions reduction: 1%
- Weekly treasury wallet allocation: 2.5%
- Weekly vePEARL rebase: Up to 50% with 80% lock rate
- Emissions for liquidity providers: Minimum 47.5%
Token Use Case
The two main functions of the PEARL token are used for voting and rewards.
Exchanges
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Project Information Channel
- Website: https://www.pearl.exchange/
- Twitter: https://twitter.com/PearlFi_
- Discord: https://discord.gg/AG4Ryum5WN
- Medium:
Summary
Although the development speed is somewhat slower than competitors such as Arbitrum or Optimism, MATIC’s market share and user trust always increase over time thanks to the reputation of the network or connection with large corporations. they.