What Is PartyFi (PFI)? Complete Guide & Review About PartyFi

What Is PartyFi (PFI)?

PartyFi allows you to create or join a Party and choose a leader to manage your Defi investments. Pool funds together with a trusted Party Monarch who can invest them for maximum gains. The monarch party model is the first of three different kinds of governance models that will be released on the PartyFinance platform.

Important Points Table Of PartyFi

How to Buy the Continental & Trade On Exchange?

PFI Token

The pFi token is the native token for PartyFinance. Currently based on the polygon network, but as PartyFinance becomes available on other networks, more bridging and trading options will be made available.

This is burned to create parties. One can also earn pFi by referring friends, completing objectives, and hitting trading volume levels. (more on this after the initial platform launch) You can purchase pFi on the quickswap Decentralised Exchange (DEx)

Governance

Once the platform is live and fully built out all protocol management decisions will be made by the PartyFi holders, from new products to asset rebalancing, strategies, and integrations. pFi Token holders can propose platform changes and vote on them. PFI enables its holders to take control of their financial future.

Staking pFi

Having succsefully completed our Ethereum network POLP Staking, pFi staking will be launched on platform on the Matic network where everyone can enjoy even lower fees! Keep an eye on our socials to find out when staking will be available!

Create a Party

In order to create your own party you will need to own a minimum of 10,000 pFi tokens. These are burned to create your party. This mechanism causes the pFi token to be deflationary and limits the creation of unnecessary parties.

When you initially create your party you will decide what governance model shall be used (initially only the Monarchy type will be available). You will also decide whether it is public or private, how many partygoers can join and the minimum and maximum amounts any individual can deposit.

Anyone can join a public party, however private parties will be locked so that only invited wallets can join. In the future, parties will be able to whitelist an NFT as a transferable invite to your party.

YOUR PARTY GROUPED FINANCE

Join your friends, influencers and DeFi experts alike, making gains along the way. You can monitor each of your parties performances in real time using the inbuilt platform analytics. Feel free to Party hop and join the top performing Party’s on the leaderboards, all made possible with the $pFi token.

U2E (USE TO EARN)

Get paid to Party with the biggest and best in DeFi. Complete objectives to earn $pFi and boost your rankings on the leaderboard. Compete to grow your Party to the highest trading volume and bring in as many rowdy Partiers as possible. Unlock perks and opportunities that set you apart from the pack, pushing your PartyFi to the next level.

Join a Party

In order to join a public party, you need to deposit a satisfactory amount of the denominated asset (usually USDC). You may not be able to join if the party is full. When you join a party, you will receive a liquidity token, which is your proof of ownership of your stake in the party.

Even if more people join before or after you, your share remains the same and is only affected by the price increase or decrease of the assets the party purchases. You can learn more about the technical aspect of how this is acheived here.

Joining a private party is identical to joining a public party, except your wallet must be invited to join, by the party leader.

Late to the Party

You can still join a trading party even if you are late. Once you deposit your funds, the smartcontract will automatically purchase the basket of assets to match the percentage that the party had before you deposited. You can find out more about how this works here.

Certain parties in the future will be time locked, once a certain asset is purchased. For example if a party is made to fractionalise a Bored Ape NFT, then members would not be able to join after the NFT is purchased, or leave until the the NFT has been sold.