Network - Avalanche
Date Launched - 20th March 2020
What is Penguin Finance?
Penguin Finance helps you maximize your yield through a full-fledged ecosystem with yield-aggregation, farming, staking, fundraising, and gaming dApps.
Penguin Finance was created as a solution to both the high-technicality requirements and exclusion created by high gas fees. Native to the Avalanche Network, PeFi utilizes AVAX's sub-1-second confirmation times and extremely low fees to bring DeFi to a wider range of people.
Penguin Finance is building an innovative set of decentralized applications, financial products, and documentation for both technologically savvy individuals and those with absolutely no knowledge of cryptocurrency. We're bridging the gap between DeFi and mass adoption by offering ultra-low fees, an intuitive UX design, and the best documentation/tutorials.
Everyone within the PeFi Community will be able to access (and collect fees from):
- Penguin Igloos - intuitive UX design and in-depth documentation so that even your grandma can increase her APY.
- Penguin Nests - a $PEFI staking system designed to reward Penguins with incentives and fees collected by the Penguin Ecosystem.
- Penguin Compounder - an innovative auto-compounding protocol with auto-nesting features and rewards for pool creators.
- Penguin Launchpad - A fundraising platform for penguins rather than whales, and a fair distribution of allocation power.
- Penguin Emperor: a customizable, fast and beautifully illustrated dApp.
- The Penguin Arena - a high-stakes competition, only for the bravest of Penguins.
- CryptoPenguins - our unique twist on NFTs with intrinsic utility and value. They'll collect fees generated by dApps within PeFi and distribute them to their owners.
- Penguin Collectibles - Beautiful 3D Penguin Models with cosmetic value inside of the Penguin Emperor.
- Prediction Markets - ultra-low fee with no barriers of entry.
- And other projects to come.