Description
PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity on the Polkadot network. It allows users to access a wide range of traditional financial and crypto assets as leveraged and non-leveraged synthetic products, known as Pynths (Peri Synthetic assets). Pynths follow the price of underlying assets like Forex, cryptocurrencies, and commodities. The platform features the PERI Exchange, a Pynths derivative DEX with infinite liquidity and no slippage, allowing long or short positions up to 20x leverage. Users can stake PERI tokens to mint pUSD and provide liquidity to the PERI Liquidity Pool. PERI tokens are also used for governance through the PERI Improvement Proposals (PIP) system. The protocol is expanding into Real World Assets (RWA), aiming to tokenize RWAs and has extended its ecosystem with the NEND Protocol for leverage lending. The project's smart contract source code is available on GitHub, and support is provided through a global Telegram page.