Parifi, an innovative decentralized protocol for perpetual trading, is unveiling groundbreaking solutions to address inherent challenges in perpetual contracts. The protocol has officially declared the initiation of its governance token (PRF) launch, employing the Liquidity bootstrapping Pool (LBP) mechanism on the Fjord Foundry V2 platform.
Currently, Parifi is running its Alpha Testnet phase, the protocol invites users to explore and experience its platform functionalities before the anticipated Beta launch on the mainnet.
Key Features of Parifi:
- Adaptive pricing using Liquidity Curves, allowing accurate price quoting based on market conditions, liquidity, and trader positions.
- A unique AMM-based solution with a dynamic fee system to reward liquidity providers equitably.
- Account Abstraction for a user-friendly experience featuring social logins, auto-compounding vaults, and flexible risk management
More details: Here!
LBP Details
The LBP curated by @CryptoGrills on Fjord Foundry is live from January 23rd until the 26th. The protocol has been completely bootstrapped, with no prior VC investment.
- Total token supply: 1 Billion PRF tokens
- LBP Allocation: 50,000,000 (5% of total supply)
- Chain: Ethereum
- Accepted Currency: USDC
- Initial Price for LBP: $0.11*
- Date/Time: LBP starts on January 23rd at 17:00 UTC and ends on January 26th
LBP details: https://app.v2.fjordfoundry.com/pools/0xD4eb92632226190e87063d4B1555f90CcB8a2E72.
Fjord Foundry’s high-to-low model will ensure the token’s price will be set based on a pre-configured price decay curve and adapt to market demand.
All the details on token allocation and release schedule have been released, and the upcoming LBP is the first of three community rounds.
Post-LBP, holders will have the possibility to stake them in an 80/20 PRF/ETH Balancer pool. The token will also grant holders voting rights on important protocol-related matters.
Gearing Up to Boost Perpetuals Through Innovation
Out of the many aspects that still need improvement in DeFi, Parifi has set out to create an entry point for any type of user into the sector of on-chain derivatives. The protocol’s commitment to innovation positions it to be a key player in the perpetual market.
For more information or assistance, please follow these links:
- Telegram: https://t.me/parifi
- X (formerly Twitter): https://twitter.com/parifinance
- Discord: https://discord.com/invite/w87gpcau8X
- Website: https://parifi.org/
- Whitepaper: https://arxiv.org/abs/2308.16256
- Foundry LBP: https://app.v2.fjordfoundry.com/pools/0xD4eb92632226190e87063d4B1555f90CcB8a2E72