What Is Peak Finance?(PEAK)
The live Peak Finance price today is $74.16 USD with a 24-hour trading volume of not available. They update PEAK to USD price in real-time. Peak Finance is up 4.99% in the last 24 hours. The current CoinMarketCap ranking is #9942, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Peak Finance at the current rate, the top cryptocurrency exchange for trading in Peak Finance stock is currently Netswap. You can find others listed on crypto exchanges page. Peak Finance is a protocol designed to maintain the $PEAK token to the value of $METIS. This process is known as seigniorage.
Important Points Table Of Peak Finance
|Coin Name||Peak Finance|
|Explorer||Click Here To View|
|Website||Click Here To Visit|
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Problem Statement & Objectives
Fiat currency is a contentious issue that substantiates a primary narrative in cryptocurrencies. The current means of issuing currency typically involves no underlying collateral. Currency issuance tends to follow a top-down model. Banks, governments, and institutions have unfettered access to freshly printed fiat currency that trickles down through funding their investing activities, specifically into stocks and commodities.
Cryptographic assets, particularly in DeFi, are subject to currency issuance experiments to incentivize user liquidity. Recently, DAO treasuries have emerged as protocol insurance and backup collateral for governance tokens. These treasuries behave as index funds; however, utility is often limited to niche use cases.
Beyond the evolving use cases, there is no incentive to hold a governance token in unfavourable market conditions. This paper explores creating utility for governance tokens through seigniorage and diversifying the utility of DAO treasuries by providing fee-for-service assets under management (AUM) solutions.
Investors purchase a token and stake them for a share of an algorithmically pegged (algo-pegged) currency. Token emissions occur during a supply expansion, and the algo-pegged currency must be worth more than the currency’s value that it matches for emissions to continue. In other words, the algo-pegged token must maintain a pegged value greater than 1:1 of the target asset for emissions to increase.
When peg drops below 1:1, the cost to produce currency decreases, and bonds are issued. Bonds are purchased with an algo-pegged currency when the currency falls below the peg. These bonds are available for redemption once the peg is greater than the 1:1.05 value of the target asset. The average person does not benefit from seigniorage yields that occur through the traditional monetary mechanics. Decentralized algo-pegged currencies give the average person access to yields previously the purview of governments and institutions.
To bootstrap liquidity, investors require incentives. Investors receive a share token by supplying an algo-pegged token with the target currency as a liquidity pair. These share tokens are the only way to receive freshly minted currency during expansion. When investors can manage their activities by compounding currency issuance into share tokens above peg and retaining algo-pegged currencies to purchase bonds below peg, a seigniorage protocol can realize stability and longevity. When a seigniorage protocol is above peg, there is a clear incentive for share stakers to realize profits to bring the algo-peg currency back to an optimal pegging with the target asset.
Decentralized Autonomous Organizations (DAOs) are an emergent phenomenon in cryptocurrencies that have the means to disrupt the way organizations, businesses, and individuals participate in society. Initially, DAOs were strictly a means to achieve consensus. They began as somewhat benign insofar as communities would form around a meme, idea, or cause to vote on proposals. Increasingly, DAOs are manifesting in all shapes and sizes.
There is an increasing focus on business models that generate revenue to purchase their DAO token, which provides constant buy pressure for the DAO token. DAOification is replacing existing business models. Cash flow instead redirects into a DAO token rather than profits and revenue being distributed at the will of a centralized managing entity. Blockchain technology facilitates this transition out of traditional business models and is ironically not yet widely understood in the cryptocurrency community. The value of revenue accumulating in a DAO Treasury and implications for those staking in the DAO is not widely understood.
Why we believe in METIS?
To facilitate the inevitable global adoption of cryptocurrencies, we will require a highly scalable layer-2 solution. Many existing Layer-2s are heavily centralized.
Metis Andromeda aims to be a fully decentralized layer-2 with advanced smart contract factory capabilities and the option to build a Decentralized Autonomous Company (DAC) that enables administrative and financial processes to be automated on-chain.
Andromeda operates on what is known as EVM-equivalence, in short, this enables Andromeda to traverse and interconnect throughout distributed ledgers of all shapes and sizes. Metis Andromeda is currently in its infancy as such we believe $METIS is heavily undervalued by comparative standards. We. Are. Bullish.
Why Invest with PEAK?
A bet on $PEAK is a bet on the success of the entire $METIS ecosystem. Peak Finance is a first stage MVP inspired by Fantom’s Tomb Finance, pegged to the value of $FTM. Those that invested in $TOMB before $FTMs meteoric rise realized tremendous profits. $METIS is in its infancy and is currently one of the best risk/reward plays in crypto. While the 1-to-1 peg is maintained, there is no impermanent loss for liquidity miners.
$PEAK TOKEN (CURRENCY)
$PEAK is the currency for Peak Finance produced through the seigniorage process. While pegged to $METIS, a myriad of applications exist not only within Andromeda, but in the future can circulate on any blockchain.
$PRO TOKEN (SHARES)
Central bankers take newly printed money and prop up their balance sheet. By investing in stocks for example, they operate on a trickle-down or top-down premise. Those of us at the bottom of that chain are all too aware that newly printed money is mostly spent before it reaches us. But what if you could invest $PEAK into our shares to capture value?
Ongoing developments will seek to utilize the $PRO token to enable you to have a share in not only Peak Finance, but in all future applications built into our ecosystem.
$PONDS TOKEN (BONDS)
Investors that purchase government bonds do so because they have faith that the issuing sovereign will make good on their debts. Interest rates on debt repayments feed into the yields that bond owners receive.
By design, it is inevitable people will take profits when the $PEAK printers are on, as a result there will be time when the peg will drop below 1:1. $PONDS is a vote of confidence that the Peak protocol will make good on its debt and is where you realize direct profits from the seigniorage process.
At Peak Finance, they believe it is our duty to ensure you not only belong to a community of terrific humans, but to teach you more about cryptocurrencies. The Peak team have been doxed by Metis and are respected consultants with expertise in fundamental analysis, technical analysis, and market sentiment.
We discourage pump-n-dump shilling and openly encourage the community to discuss fundamentals and investment opportunities. The team will also share the projects, particularly within Andromeda, that have PEAKED their interest.
Keeping in mind, that all discussions of cryptocurrencies are for educational purposes only and does not constitute financial advice. Join our Discord or Telegram and follow us on Twitter!
ACTIVELY MANAGED TREASURY
Remember how we said Peak Finance is the first stage? The next step is to stabilize the protocol and utilize the treasury in a 100% transparent manner with all profits coming back into the treasury.
Who benefits from an actively managed treasury?
The contents of the treasury will be utilized in yield generating instruments and trade the market both ways. Profits will go back to ensuring the peg remains above 1, and to $PRO token holders.