PinkPea Finance and LiNEAR Protocol have partnered! The first Partner Pool LiNEAR-wNEAR LP is going online! Users participating in LiNEAR-wNEAR LP staking will receive LP and additional PEA and LiNEAR rewards.
Duration: 6.16 8AM - 7.16 8AM UTC
Bonus: 300 LiNEAR and 20,000 PEA
PinkPea Finance founding team gave an AMA on Near Insider on June 8 and NEAR Daily on June 9 , shared [PinkPea Finance — Maximizing DeFi Alpha Hunter’s Gains] and announced product features and future development plans. The founding team of PinkPea Finance will be attending several AMA in the near future, so stay tuned!
The following is the transcript of the AMA(abridged slightly without changing the original meaning).
Q8: What is the ultimate goal of PinkPea Finance? Can you reveal some of the platform’s upcoming plans?（This question was not shown in the Near Insider organized Twitter Space due to network problem, so it is shown on this AMA’s transcript as a priority.）
If users have enough vePEA, they can boost their standard APY rate up to three times. As long as the user obtains vePEA, no matter whether the user deposits in any pool, their APY will be increased,After locking PEA to obtain vePEA, boosting will start automatically. See the formula to calculate boosted APY.
PEA tokens was officially launched ! PEA-NEAR LP mining was launched at the same time! All users who participated in the PEA pre-mining activities can receive their PEA tokens. Please click on the link for the PEA token unlocking rules: https://docs.pinkpea.finance/tokenomics/distribution-and-release-of-tokens
PinkPea Finance is a fully integrated Aurora DeFi optimizer that reduces barriers to accessing high-yield DeFi products.
PinkPea Finance is a one-stop DeFi shop that provides investors with auto-compounding token liquidity mining, flexible interest rate lending, leveraged mining, single-sided staking, and many other services to help maximize their returns. PinkPea Finance gathers five essential DeFi tools into one place — Vaults, Lending, Leverage, Boosting, and Partner Pools — to meet the needs of all crypto investors.
As well as maximizing user returns, PinkPea Finance is committed to reducing user risks. That is why we created a set-and-forget Infinite Looper. An advanced PinkPea Finance innovation, where intelligent signals trigger bots to either leverage or deleverage your position to automatically maintain a healthy debt ratio during market volatility while passively growing your assets.
To reward early adopters and participants, PinkPea Finance’s first 2-week “Community Mining Program” will begin on April 19, 2022, at 8:00 (UTC+0) and is expected to last for two weeks. Users can mine 200,000 PEA each week, a total of 400,000 PEA for approximately 2-weeks. All PEA released during the pre-mining phase will be locked.
Pre-mining tokens lock until the PEA token is officially released. Once PinkPea Finance officially releases PEA, 50% of the pre-mined PEA tokens will unlock, followed by 5% every six days until all have unlocked in sixty days.
The mining output of each LP mining pool is according to the output factor. The mining output factor adjusts to the popularity and volume of the assets staked in our protocol.
Host: Good evening everyone, I’m Thomas, Community Manager of NEAR Insider. Many of the NEAR Insider community members are loyal users who have been part of the Near ecosystem since the early days. Today we will be interviewing PinkPea Finance, the hot project of the NEAR ecosystem Aurora chain. Today is an important day for PinkPea Finance as the PEA pre-mining has started. The guest invited is Pete, Head of Marketing at PinkPea Finance. Please say Hello to everyone.
The chat has been put on mute for everyone. Please do not panic. The chat will be muted for only some parts of the AMA, thank you.
Here how’s we will go about today’s AMA:
The PinkPea Finance PEA token starts pre-mining on Apr 19 at 8:00 (UTC+0). Users staking in our LP pool Vaults can get:
1.Auto-compounding LP token earnings
2.PEA pre-mining earnings
PinkPea Finance landed on NEAR’s Aurora Yesterday. Near Protocol announced strategic partnership with PinkPea Finance to further enhance DeFi opportunities on Aurora.
PinkPea Finance is a Fully Integrated DeFi Optimizer. It includes Vaults, Lending, Leverage, Boosting, Partner Pools 5 essential functions. Seven PinkPea Finance LP mining pools are available to stake in, USDC-USDT, TRI-USDT, TRI-wNEAR, wNEAR-ETH, USDT-wNEAR, wBTC-wNEAR, and USDC-wNEAR.
PinkPea Fianace has launched the first round of the Telegraph Community Airdrop activity with over 207,060 users participating. Many users have expressed great anticipation for more features that PinkPea Finance will be online.
PinkPea is proud to announce the strategic partnership with NEAR Protocol to further enhance DeFi opportunities on Aurora.
PinkPea Finance, an Aurora project on the NEAR Protocol eco-chain has officially launched its LP Staking pool today, which includes automatic compounding of LP mining for seven staking pools: USDC-USDT, TRI-AURORA , wNEAR-ETH, USDT-wNEAR, wBTC-wNEAR, AURORA-ETH, and USDC-wNEAR.
What is PinkPea Finance?
Currently, most DeFi protocols only offer a single service. For example, lending agreements usually only provide deposit and borrowing services for crypto assets. Borrowers typically need to take the borrowed assets to other DeFi products to find ways to generate alpha. Currently, it is impossible to complete a wide range of operations, such as lending, farming, trading, and financial management, in one DeFi product. This can drive DeFi users to move assets back and forth across multiple DeFi protocols. In addition to the high GAS fees associated with the constant transfer of assets, users have heavy time costs associated with comparing APYs across different DeFi products and tedious operational steps that create a barrier for your average investor.
The market is in dire need of an integrated DeFi platform that can both maximize user revenue and provide users with a one-stop shop for many services, including lending, liquidity mining, derivatives, etc. PinkPea Finance has emerged to fill this gap in the market.
What is PinkPea Finance?
Follow PinkPea Finance on Twitter and join the Telegram community to pick up some PEA!
2022.4.10. — 2022.4.19. 24:00 (UTC+0)
While DeFi can provide financial services in a decentralized form for any user holding a crypto account, regardless of time or location, most DeFi protocols do not provide users with a smooth experience. They are often clunky and do not have efficient automated trading to maximize the user's revenue.
Currently, most DeFi protocols only offer a single service. For example, many lending protocols usually offer only over-collateralized lending services to encourage users to provide liquidity to the lending pool with token rewards. Users who want to continue to put their funds to work for extra gains must switch to a different DeFi protocol to take advantage of another service.
Of course, users also need to track the APY performance of different protocols to ensure optimal returns. Users are often required to switch back and forth between chains with multiple accounts that generate numerous transactions, merely bumping up a few percent here and there. These speed and complexity barriers can cause traders to miss profits, waste time, and create security vulnerabilities.
On the other hand, frequent contract interactions can generate a lot of GAS fees. Ethereum fees at certain times will exceed the revenue generated by moving assets between DeFi protocols. Yet another barrier to genuine wide-scale adoption.
The great thing about DeFi is the decentralized ideology, where anyone can enjoy financial services without permission. However, compared to traditional financial institutions' services, DeFi still lacks a complete solution. Usually, a single DeFi product provides a single service. For example, lending agreements usually only provide deposit and borrowing services for crypto assets. Borrowers typically need to take the borrowed assets to other DeFi products to find ways to generate alpha. Currently, it is impossible to complete a wide range of operations, such as lending, farming, trading, and financial management, in one DeFi product.
Sometimes, users use DeFi protocols to gain revenue and maximize that revenue by comparing different Defi protocols. Therefore, this can drive DeFi users to move assets back and forth across multiple DeFi protocols. It is difficult for DeFi users to maximize their revenue in a single DeFi protocol. In addition to the high GAS fees associated with the constant transfer of assets, users have heavy time costs associated with comparing APYs across different DeFi products and tedious operational steps that create a barrier for your average investor.
After an in-depth study of DeFi product offerings and their value propositions, along with the market demands of DeFi users, we found an immediate strong need for a one-stop revenue aggregation platform. PinkPea Finance is born from these market conditions, designed from the ground up to deliver the precise tools investors need to maximize their wealth.