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.
| Coin Basic | Information |
|---|---|
| Coin Name | Penrose Finance |
| Short Name | PEN |
| Circulating Supply | 2,122,010.00 PEN |
| Total Supply | 2,122,010 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
PEN Price Live Data
The live Penrose Finance price today is $0.023325 USD with a 24-hour trading volume of $7,138.80 USD. They update PEN to USD price in real-time. This is down 9.32% in the last 24 hours. The current CoinMarketCap ranking is #5141, 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 Penrose Finance at the current rate, the top cryptocurrency exchange for trading in Penrose Finance stock is currently Dystopia. You can find others listed on crypto exchanges page.
Partnered with the pros
The high quality partners have locked into protocol and are now enjoying more voting power and higher rewards!
Supercharged yields on your own liquidity
Leverage the optimization of Penrose and earn increased DYST and Liquidity mining rewards with minimal effort!
Why Penrose?
Penrose is a coalition of the leading protocols on Polygon. We aim to pool our collective resources for the greater good of Polygon and are looking for partners that share our long-term commitment to the ecosystem’s sustained growth and development. A summary of Penrose’s benefits are listed below:
- Penrose allows Dystopia LP depositors and veNFT holders to maximize their returns.
- We aggregate voting power on Dystopia and allow vlPEN holders to vote for LP DYST emissions while earning as the same time.
- Voting with Penrose is more effective than voting with your NFT directly.
- Holders of vlPEN receive bribe revenue for directing their share of veDYST votes.
- Penrose has low fees and no development share, allowing users to maximize their earnings within the Dystopia ecosystem.
Have a voice in how Penrose expands
Control voting power, decide on DYST emissions, earn protocol fees and expand alongside Dystopia & Penrose.
Tokens
penDYST (Tokenized veDYST)
- Tokenized deposits, minted 1:1 for each DYST locked in the platform.
- Stake to receive platform fees (DYST), Dystopia bribes and trading fees, PEN, and penDYST rewards.
Penrose Token (PEN)
- Lock to receive a share of platform fees as penDYST.
- Lock PEN for vlPEN to vote for Dystopia emissions gauge weights and receive bribe rewards.
- PEN is minted pro-rata for each DYST token claimed on Penrose.
- Any changes to Penrose’s emissions will be controlled by holders of vlPEN.
Distribution
- Max Supply: Dynamic, based on the total DYST supply
- 5-25%+ to partner penDYST stakers
- There is a 5% minimum distribution to all penDYST stakers, but no upper limit. Please refer to our penDYST page for more info.
- Partners also have a special floor for PEN emissions. Please refer to our partners page for more details.
- 0-95% LPs
- LPs receive the remainder of PEN emissions after PEN emissions are distributed to penDYST stakers. PEN is distributed proportionally to DYST earned.
- 10-20% to Treasury
- Must be voted in by vlPEN holders.
What does Penrose do?
Penrose 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.
Penrose for DYST Stakers
When users deposit their veNFT or DYST, they automatically receive a proportional amount of penDYST (penDYST is minted 1:1 for deposited DYST). penDYST is a tokenized, fungible representation of 1 locked Penrose DYST. Due to the way Dystopia’s rebase mechanism works, this position is never diluted as Penrose automatically converts rebased DYST to penDYST and passes this on to penDYST stakers.
Who built Penrose?
The team behind Penrose is a coalition of multiple different teams (mainly the team of Sphere Finance and 0xLegion). Together, we are forging the next-generation of DeFi.
