What Is Penrose Finance(PEN)?
Penrose Finance is a yield-aggregator for Dystopia meant to maximize farming incentives for Dystopia users while also issuing Penrose-native farming rewards. Using Penrose you can optimize your deep liquidity farming on Dystopia by providing liquidity and locking Dystopia’s governance token DYST on Penrose’s dApp, gaining PenDyst, a liquid version of locked DYST tokens. The token is currently available on Dystopia or by providing liquidity on Penrose.
Penrose Finance Coin is a protocol for optimizing yield, voting rights and liquidity provision on Dystopia. Dystopia is a decentralized exchange (AMM) where tokens can be exchanged with user-provided liquidity. These users earn DYST emissions. Those who lock DYST will receive veDYST and a higher percentage of DYST rewards. veDYST or vote escrowed DYST is a concept first introduced by Curve Finance that aims to reward long-term users of a protocol. Those holding veDYST will receive trading rewards from the protocol as well as voting rights to direct DYST issuance.
Important Points Table Of Penrose Finance
| Basic | Points |
|---|---|
| Coin Name | Penrose Finance |
| Short Name | PEN |
| Circulating Supply | 2,122,010.00 PEN |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |