Show me the incentives and I’ll show you the money

In 10 mins I’ll like to share with you a solidly fork that capable of giving you x100 of your portfolio A thread 🧵 on @pearfi_ Polygon premiere ve(3,3) DEX Rt for others

Outline
🧿 Introduction
🧿 What is Pearl
🧿 Utilities
🧿 Partnership
🧿 Team
🧿 Tokenomics
🧿 Initial supply and Distribution
🧿 The Pearl Flywheel
🧿 Official Links

🧿 Introduction

As the fifth largest chain in DeFi, and one with a rich history of leadership and fostering innovation, Polygon’s lack of a ve(3,3) product was an obvious problem Pearl team believed they could solve.

🧿 What is Pearl ?

Pearl is Polygon's premiere ve(3,3) exchange with deep liquidity for tokenized RWAs and premium digital assets.

🧿 utilities

@pearlFi_ aims to lead the upcoming RWA revolution in DeFi by building a product for investing in tokenized real-world assets. Pearl will be Polygon's native liquidity layer, prioritizing RWAs and driving value generation. By offering liquidity solutions and incentivizing long-term liquidity, Pearl aims to establish a first-mover advantage and become a leading AMM in the decentralized DeFi economy. Using increasing bribes, Pearl aims to drive token demand and liquidity provision, capturing liquidity for tokenized RWAs and anticipating rapid growth in TVL.

🧿 Pearl Partnership integration with @TangibleDAO,

TangibleDAO a leading bribing platform and widely adopted RWA provider, was a strategic priority. Working closely with Tangible’s team, Pearl have incorporated their stablecoin Real USD as an integral component of Pearl’s development and an essential ingredient in @pearlfi growth strategy.

🧿 Team

The experienced team behind Pearl brings a wealth of expertise as crypto builders. With a strong track record of collaboration and successful ventures, they are united once again to drive the success of this unique ve(3,3) DEX focused on RWAs. Their collective experience and proven capabilities highlight their ability to innovate and deliver on this ambitious project.

Recognizing a crucial gap in the DeFi ecosystem on Polygon, the team is addressing this need with the creation of Pearl. Their diverse skills and experiences play a vital role in optimizing the protocol's functionality and establishing Pearl as a leading player in the DeFi landscape. Powered by a collaborative and innovative spirit, the team propels the protocol forward in a dynamic and ever-changing marketplace.

🧿 Tokenomics

Pearl utilizes the two-token model popularized by Solidly and now a foundation in all ve(3,3) exchanges.

🧶 $PEARLToken

$PEARL (ERC-20) serves as @pearlFi primary utility token. It is distributed as farming rewards in DEX emissions, incentivizing deep liquidity provision and optimizing trading conditions. Users who add liquidity and stake LP tokens have the opportunity to earn $PEARL.

The initial token supply of $PEARL at launch will be 50 million, with additional tokens emitted into circulation during each Epoch.

🧶 $vePEARL Token

$vePEARL (ERC-721 aka NFT) is the vote-escrowed version of $PEARL. Users can lock i.e. vote-escrow their $PEARL tokens for up to 2 years to get $vePEARL, giving them the power to vote on the platform's gauges, which control how emissions are allocated to the various liquidity pools on Pearl. The longer the lock, the higher the amount of voting power received.

♟️100 $PEARL locked for 2 years will become 100$vePEARL

♟️100 $PEARL locked for 6 months will become 25$vePEARL (less voting power)

🧿 $vePEARL Utility

🧶Gauge Bribes: Holders earn bribes by voting for gauges on the protocol. These votes are done weekly and determine how $PEARL emissions will be distributed between gauges the following Epoch. Voters collect 100% of bribes posted weekly for each pool. 🧶Fee Revenue: Voters earn up to 100% of the swap fees generated by the pools they vote for each Epoch.

🧶Governance: Holders will participate in future governance, voting for protocol improvement proposals and shaping the evolution of Pearl.

🧿 Initial supply and Distribution

Pearl tokenomics incentivize positive action and align incentives of all participants for shared value. Initial $vePEARL positions are given to groups and early participants, but ongoing participation is needed for long-term value.

🧶 Emissions specifications Weekly emissions (at inception): 2,600,000 $PEARL Weekly emissions decay: 1% Weekly treasury wallet allocation: 2.5% Weekly $vePEARL rebase: Up to 50% at an 80% lock rate Emissions for liquidity providers: Minimum of 47.5%

🧶 Airdrops for pre launch farmers

18% of initial token supply will be distributed to reliable ve(3,3) token lockers and liquidity providers. Below is the Breakdown of the airdrop distributions

4.5% to veVELO holders 4.5% of the supply to Chronos LPs 4.5% of the supply to Balancer LPs on Polygon 4.5% of the supply to Convex LPs on Ethereum + Polygon

🧿 The Pearl Flywheel

The Pearl thesis is a ve(3,3) flywheel that runs in reverse with bribes driving the ecosystem forward. • The success of the Solidly flywheel is fully dependent on bribes • Token price and TVL follow bribes not vice versa • Pearl’s success is thus based on bribes that grow each epoch

🧿 Official Links:

Website: https://www.pearl.exchange

Twitter: https://twitter.com/PearlFi_

Discord: https://discord.gg/dBp3g2x99W

Medium: https://pearlexchange.medium.com/

Docs: https://docs.pearl.exchange/

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