Lianyun Finance Open Course No. 64 | PERI Crypto Asset Staking and DeFi Smart Platform

Since 2019, DeFi has become a long-term hot topic in the blockchain field. Platforms and products that provide DeFi services have developed rapidly. DeFi is considered a "new financial revolution movement". People can earn passive income simply by storing their crypto assets on DeFi platforms and DeFi services. The loan interest rates and compound yields provided by DeFi protocols are much higher than those of many traditional banks. In addition, people can earn income faster in the crypto ecosystem than in the traditional financial system.

Today we are honored to invite Gareth Bowles, co-founder of PERI Finance, to be a guest in the ChainCloud live broadcast room.

Lianyun Finance: Could you please briefly introduce yourself and PERI Finance?
Would you please introduce PERI and yourself briefly to our new friends?

Gareth: PERI Finance is a cross-chain based synthetic asset issuance and derivatives decentralized exchange. This means PERI dApp will run on multi-chain networks like Ethereum, Polygon and Polkadot. Users can exchange synthetic asset, which is tokenized assets that have the same value as original assets.
Also, derivatives means that PERI Finance will provide leverage and inverse functions to synthetic assets.

PERI Finance is a cross-chain synthetic asset issuance and derivatives decentralized trading platform, so PERI dApp can run on multiple chain networks such as Ethereum, Polygon and Polkadot. Users can trade tokenized assets with the same value as the original assets, that is, synthetic assets. In addition, derivatives mean that PERI Finance will provide leverage and reverse functions for synthetic assets.

Lianyun Finance: You chose the field of synthetic assets as your first competition venue. What are the core advantages of PERI Finance? What impact will it have on DeFi?
You choose the field of synthetic assets as the initial arena. What are the core advantages of PERI Finance? What are the effects on DeFi?

Gareth: With PERI Finance synthetic assets DEX, users can assess traditional and crypto assets on the single exchange. This will affect not only the DeFi sector, but also making a breakthrough of complex barriers on traditional finance.

Using the PERI Finance synthetic asset DEX, users can evaluate traditional and crypto assets on one exchange, which will not only affect the DeFi field, but also break through the complex barriers of traditional finance.

Lianyun Finance: Staking dApp has started its actual work in Polygon and BSC networks. Could you please tell us how it works specifically?
Staking dApp is starting to actually work on the Polygon and BSC Network, so please tell us how exactly it works.

Gareth: PERI Finance dApp provides services for mint pUSD by staking PERI/stablecoin/LP tokens. This dApp works on multi-chain network to provide high-speed transaction and low gas-fee to users. Users can select their network to Polygon or BSC by their preference, and functions on dApp are exactly the same.

PERI Finance dApp provides services for minting pUSD by staking PERI/stablecoin/LP tokens. The dApp runs on a multi-chain network, providing users with high-speed transactions and low Gas fees. Users can choose Polygon or BSC network according to their preferences, and the functions on the dApp are exactly the same.

Lianyun Finance: How do you ensure the liquidity of Staking dApp? What benefits can it bring to users who participate in staking?
How do you maintain the liquidity of Staking dApp? What benefits can be brought to the users who participate in staking?

Gareth: We're having LP pool on the DEX exchange, which is PancakeSwap on BSC and Quickswap on Polygon. Staking users can get rewards by claiming on dApp. And LP providers also stake their LP tokens to the PERI dApp.

We have LP pools on DEX exchanges, PancakeSwap on BSC, and Quickswap on Polygon. Staked users can get rewards by claiming on dApp, and LP providers can also stake LP tokens on PERI dApp.

Lianyun Finance: What new layout will PERI Finance develop in the DeFi sector in the future? Can you tell us about the next plan?
What new layouts will PERI Finance develop in DeFi? Could you talk to us about the next plan?

Gareth: I will share this year's PERI Finance roadmap to you.
- August: PERI DEX Launch on Testnets
- September: Launch PERI Decentralized Exchange Service
Create and Trade diversified Pynths from PERI DEX, Other Crypto tokens, Forex, Commodities, etc.
- October: Launch PERI NFT Decentralized Exchange Service
Generate NFT Fractional Assets by staking NFT on PERI Vault
- November: Launch Pynths Perpetual Futures Service
Add leverage to Pynths up to 20X
Right now, we're focusing on launching synthetic asset DEX exchange, so please stay tuned for the further news.

I will share with you the roadmap for PERI Finance this year.
- August: PERI DEX is launched on the testnet
- September: Launch of PERI decentralized exchange service; create and trade diverse Pynths from PERI DEX, other crypto tokens, forex, commodities, etc.
- October: Launched PERI NFT decentralized trading service; generated NFT partial assets by staking NFT in PERI Vault
- November: Launch Pynths perpetual futures service; increase Pynths leverage to up to 20x. We are currently focusing on launching a synthetic asset DEX exchange, and we hope everyone will continue to pay attention to further news.

Lianyun Finance: I understand that your project has attracted many partners since its launch. Could you please briefly introduce the main partners of PERI Finance? Which type of new partners will you prefer in the future?
I learn that your project has attracted many partners since its launch. Could you please briefly introduce the main partners of PERI Finance? Which type will the future prefer as a new partner?

Gareth: For technical integration, we have partnerships with various major projects like Chainlink, Polygon and MakerDAO. And PERI Finance got invested by renowned 20+ Venture capitals like LD capital, Oneblock, AU21, Ruby, Dasheng, Coinunited, Ramprate, Momentum6, MoonWhales and so on. This investment approves that PERI Finance has lots of interests on VC sector. Also, we got lots of partnerships by our connections and VC's introduction, so that we could promote to as many crypto channels as possible.

In terms of technical integration, we have partnerships with many mainstream projects such as Chainlink, Polygon, MakerDAO, etc. PERI Finance has received investments from 20+ well-known venture capital companies such as LD capital, Oneblock, AU21, Ruby, Dasheng, Coinunited, Ramprate, Momentum6, MoonWhales, etc. These investments show that the venture capital field has great interest in PERI Finance. At the same time, through our resource relationships and referrals from venture capital companies, we have gained many partners, which also allows us to promote to more encryption channels.

Lianyun Finance: Security has always been an important topic for all project research. I saw that your project was also damaged by hackers from Chainswap. How did you solve it?
Security is always an important topic for all projects. I saw that PERI was also damaged by hackers from Chainswap. How did you solve it?

Gareth: Right, the previous ChainSwap hacking issue was serious thing to us too.
As we've noticed that problem, we bought all of amounts of PERI that hackers dump on exchange to protect users' assets. And we blocked hacker's wallet to prevent additional transaction immediately.
Therefore, we can say that PERI Finance has successfully preserved all of users' PERI assets.
Here's the Etherscan history about this issue:
https://etherscan.io/address/0x65e393bb8c9f5e6ee4238c3b8863506f76789880#events

Yes, the previous ChainSwap hack was also very serious for us. When we found out about this, we immediately bought all the PERI dumped on the exchange by the hacker to protect the users’ assets, and we blocked the hacker’s wallet and immediately prevented other additional transactions. Therefore, we can say that PERI Finance has successfully protected all users’ PERI assets.
Here is the history of this event on Etherscan:
https://etherscan.io/address/0x65e393bb8c9f5e6ee4238c3b8863506f76789880#events

Lianyun Finance: What defensive measures do you have to further protect dApps and smart contracts from hacker attacks?
What defenses do you have to further protect dApps and smart contracts from hackers?

Gareth: Yes, we had many times of intense test of our dApp! Also, we have done code audit on Certik without any critical issues.
Although the code report was not 100% resolved(91% actually), but that issues were about styling code, not for serious malfunctions on dApp. And we will request additional code audit if needs.

Yes, we have run multiple intensive tests on the dApp! In addition, we have already done a code audit at Certik and there are no critical issues. Although the code reports are not 100% resolved (actually 91% resolved), the unresolved issues are about product-style code and are not serious failures on the dApp. We will also request additional code audits if necessary.

Lianyun Finance: What are your expectations for the $PERI token? What are some practical use cases now?
What are your expectations for the $PERI token? What are practical use cases right now?

Gareth: PERI token is now used on minting pUSD at staking dApp, which is basic synthetic asset called 'Pynths', and this pynths will be used on trading various kinds of other synthetic assets. We will keep achieving our milestones in the long term, and we expect $PERI price will go up simultaneously.

PERI tokens are currently used on the staking dApp to mint pUSD, the underlying synthetic asset called "Pynths" which will be used to trade various other synthetic assets. We will continue to achieve our milestones over the long term and we expect the $PERI price to rise in tandem.
The AMA live question and answer session has ended here. The following is the free question and answer session.

Q1: When is the mainnet expected to be launched?
When is the main net going online?

Gareth: We have already launched our dApp on Ethereum mainnet, BSC mainnet and Polygon.
You can check our Wechat official account for the further news.

We have launched our dApp on Ethereum Mainnet, BSC Mainnet and Polygon. You can check our WeChat official account for more news.

Q2: Where can I get the latest project news?
Where can we see the latest news?

Gareth: And our Wechat official channel link will be the answer for this:)
Also we have a Wechat group QR code on the official channel, and we have various events on it. So please join our channel to get airdrop, thank you!
Also, PERI token is listed on Gateio, MEXC and XT.com. You can check following sites below:
https://www.gate.io/trade/PERI_USDT
https://www.mexc.com/exchange/PERI_USDT
https://www.xt.com/tradePro/peri_usdt

We have a WeChat group QR code in the official channel. We have various activities. Welcome to join our channel to get airdrops. Thank you!
In addition, PERI tokens are already listed on Gateio, MEXC and XT.com You can check the following websites:
https://www.gate.io/trade/PERI_USDT
https://www.mexc.com/exchange/PERI_USDT
https://www.xt.com/tradePro/peri_usdt

The above is the text compiled by Lianyun Finance based on the content of the live broadcast room. For more information, please pay attention to Lianyun live broadcast information.

This event is co-sponsored by Lianyun Finance and PERI Finance, with strategic support from multiple media outlets! Thanks to the following media outlets, please continue to pay attention to the latest news from Lianyun Finance, and look forward to more exciting events in the next issue!