What Is Pembrock (PEM)? Complete Guide & Review About Pembrock

What Is Pembrock (PEM)?

PembRock is the first leveraged yield farming protocol built on the NEAR blockchain. Users can provide liquidity, farm with leverage, stake, and take governance decisions to secure the future of the platform, all on a fast, secure, cheap, and user-friendly blockchain.

Important Points Table Of PembRock

How to Buy the Continental & Trade On Exchange?

PEM Price Live Data

The live Pembrock price today is $0.122524 USD with a 24-hour trading volume of $142.10 USD. They update the PEM to USD price in real-time. This is down 35.91% in the last 24 hours. The current CoinMarketCap ranking is #7188, with a live market cap of not available. The circulating supply is not available and a max. supply of 160,000,000 PEM coins.

If you would like to know where to buy Pembrock at the current rate, the top cryptocurrency exchange for trading in Pembrock stock is currently Ref Finance. You can find others listed on crypto exchanges page.

What is leveraged yield farming?

Leveraged yield farming is simply normal yield farming but supercharged! It is the practice of borrowing external liquidity to farm a larger amount of crypto, thus gaining the ability to get increased returns.

While many DeFi lending platforms still require users to overcollateralize (put up funds of a greater value than those being borrowed), our leveraged yield farming platform undercollateralizes, meaning:

• A lower barrier to entry
• Fewer funds laying dormant
• Greater rewards for users.

How does PembRock work?

PembRock Coin couples lenders and yield farmers who are rewarded for providing liquidity within the NEAR ecosystem. On launch, they will support two base assets — NEAR and USDT — and integrate leveraged farming with Ref Finance.‌

Lender

The lender deposits their NEAR and earns interest from the borrowing fees paid by yield farmers.

Leveraged Farmer

The yield farmer opens a leveraged yield farming position on a trading pair, borrowing NEAR from the vault and joining the farming pool with leverage. The yield farmer gets higher returns due to the larger stake, but pays a 10% premium for the privilege of using borrowed funds.

Liquidator bot

PembRock liquidator bot monitors all yield farming positions, liquidating those that become too risky. If a leveraged yield farming position does get liquidated, 5% of the position’s fee goes to the protocol, and is then distributed among those who have staked the PEM token.

Tokenomics

PEM is the native token that helps PembRock Coin Finance to function. It is used:

• To stake within the PembRock Finance ecosystem — with rewards paid out in PEM.
• As a part of reward mechanism for interacting with protocol.
• As an additional bonus for those who provide funds to liquidity pools.
• For DAO participation — users can stake PEM to receive xPEM, governance token.

All fees are collected as profit and are distributed among PEM holders who have staked in our protocol!

How protocol collects fees

• Farmers are charged 10% of their yield farming rewards.
• Lenders are charged 10% of their borrowing profit.
• Every time a position is liquidated, 5% of the position’s value is paid as a fee.

According to roadmap, in March-May 2022, the PEM token will be on sale to private investors before the app’s launch on the mainnet.

PEM Token

PembRock Finance’s native token will support the financial ecosystem of the platform, reward early adopters, and provide a governance tool for the community.

Strictly Audited

Before deploying to the mainnet, PembRock is thoroughly audited and tested for security.

Team

Igor Stadnyk

Founder and CEO with a software development background and a proven track record of launching and leading blockchain projects since 2012. Corgi devotee and Lead Rocker at PembRock.

Vitalii Dmytrenko

CTO with more than 2 decades of experience in software and hardware development, reverse engineering, and cybersecurity research. Cypherpunk. Web3 & DeFi advocate.

Oleksandr Molotsylo

Lead Web Developer with over 10 years of experience developing in different programming languages. Blockchain fan for the last 4 years. Mentor, JS, and ReactJS teacher.

Ivan Skrypachov

CPO with 5+ years in Product IT. Guided by gained experience, Ivan smoothly manages teams of up to 30 people and builds processes from scratch. SCRUM guru.