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Penguin Finance

Liquidity as a service, built on Solana
Category
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Finance
Blockchain
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Solana
Currency
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PEFI
Publisher
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Penguin Finance Team
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What is Penguin Finance?
Penguin is a one-stop treasury management service that offers liquidity bonding and vesting. Instead of renting liquidity, a protocol can use the bonding service to purchase its liquidity. Protocol-owned liquidity stays with the protocol through a downturn, and can help it survive over the long-term. Token vesting will allow protocols to align its incentives and community with its long-term roadmap, rather than encouraging short-term engagement. Penguin Finance is an innovative decentralized finance (DeFi) platform that offers a range of unique features and opportunities for users to engage in yield farming, staking, and other DeFi activities. Built on the Binance Smart Chain (BSC), Penguin Finance aims to provide a secure and efficient ecosystem for users to maximize their returns and participate in the growing DeFi space.

Yield Farming
Penguin Finance allows users to participate in yield farming, a popular DeFi activity that involves earning rewards by providing liquidity to various pools. Users can stake their assets in liquidity pools and earn native PEFI tokens as rewards. Penguin Finance offers a variety of yield farming pools with attractive APY (Annual Percentage Yield) rates, giving users the opportunity to earn passive income.

Staking
The platform also enables users to stake their PEFI tokens to earn additional rewards. By locking up their PEFI tokens in the staking contract, users can earn a portion of the transaction fees generated by the platform. Staking rewards provide an incentive for users to hold and support the Penguin Finance ecosystem.

Unique Lottery System
Penguin Finance introduces a unique lottery system that adds an element of excitement and potential big wins for users. By purchasing lottery tickets with PEFI tokens, users have a chance to win significant jackpot prizes. The lottery system is designed to provide an engaging and rewarding experience for participants.

Buyback and Burn Mechanism
Penguin Finance implements a buyback and burn mechanism to enhance the value and scarcity of the PEFI token. A portion of the transaction fees generated on the platform is used to buy back PEFI tokens from the market, which are then permanently burned, reducing the total supply of PEFI tokens over time. This deflationary mechanism has the potential to drive up the value of the token.

Community Governance
Penguin Finance promotes community governance by allowing PEFI token holders to participate in important decision-making processes. Token holders can propose and vote on various platform parameters, such as fee structures, farming pool allocations, and new feature implementations. This democratic approach ensures that the community has a voice in shaping the future of Penguin Finance.

Security and Audits
Penguin Finance prioritizes the security of user funds and the platform itself. It undergoes regular security audits by reputable third-party firms to identify and mitigate potential vulnerabilities. By adhering to strict security standards and best practices, Penguin Finance aims to provide users with a secure and reliable DeFi experience.

User-Friendly Interface
The platform offers a user-friendly interface that makes it easy for users to navigate and interact with the various features. Users can access detailed information about the available pools, staking options, and lottery events. The intuitive design and user-friendly interface ensure a smooth and seamless experience for both new and experienced DeFi participants.

Partnerships and Integrations
Penguin Finance actively seeks partnerships and collaborations with other DeFi projects and platforms to expand its ecosystem and offer enhanced opportunities for its users. By integrating with other projects, Penguin Finance aims to provide users with access to a wider range of DeFi services and increase the overall utility and value of the platform.
Information
Type
Automated Market Maker
Blockchain
Solana
Currency
PEFI
Platform
Windows, macOS
Publisher
Penguin Finance Team
Version
Version 1
FAQ
Penguin Finance helps you maximize your yield through a full-fledged ecosystem with yield-aggregation, farming, staking, fundraising, and gaming dApps.
You can purchase PEFI from Trader Joe, Pangolin or Lydia.
You can stake your PEFI in the Penguin Nest to get iPEFI (your receipt for staking PEFI in the nest). Visit the Nest Page in our app.
Your iPEFI remains the same. It is the ratio that constantly increases along with your PEFI equivalent.For example, today you enter the nest and the ratio is 1.2 - this means that you need 1.2 PEFI to receive 1 iPEFI. In time, this ratio increases so in a few months, the ratio might be 1.5 - meaning that you will need 1.5 PEFI to receive 1 iPEFI.
Our auto-nesting feature is designed to save you time and effort. With just one click of the harvest button, your PEFI rewards are sent to the nest, giving you iPEFI in return. A perfect way to accumulate more iPEFI - the golden ticket to Penguin's ecosystem.When you have it set at 100% - this means that all your PEFI rewards will be converted to iPEFI when harvested. If you set it at 0%, you will only receive regular PEFI in your wallet. Users have the freedom to modify their auto-nesting to fit their personal strategy.
To farm at the Igloos two different specific tokens (e.g: $PEFI and $AVAX) must be staked to get LP tokens. These LP tokens can then be staked on an Igloo, awarding you with $PEFI tokens.
Step 1: Setting Up and Funding Your Avalanche Wallet with AVAX. If you already have an Avalanche Wallet and AVAX tokens, skip this step and move to Setting Up Metamask. ...
Step 2: Set Up MetaMask with Avalanche. Download MetaMask. ...
Step 3: Fund Your MetaMask Connected to Avalanche. ...
Step 4: Buy some PEFI for farming & staking.
If you would like to know where to buy Penguin Finance at the current rate, the top cryptocurrency exchange for trading in Penguin Finance stock is currently DigiFinex.
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