PERL is sleeping right now (consolidation mode)
As we have experienced in the past PERL gave some super-pumps!
I will show bellow my last PERL predictions from couple of years ago.
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A Brief Overview
In August 2019 Perlin broke the record for most in-demand Binance IEO project and raised over $6M from thousands of investors with a vision to revolutionize trade and commodities in ASEAN.
The first version of the recently launched PerlinX platform
PerlinX is not the team’s first pivot from its original promises, but nevertheless worth digging into! In its core, PerlinX allows for the creation and trading of various synthetic assets (pxTokens).
PERL holders over-collateralize the synthetic contract and create a pxToken tracking the price of bitcoin, gold, oil, etc.
While similar to Synthetix in its functionality, PerlinX has some notable differences that make it stand out.
Oracle
PerlinX uses the UMA (Universal Market Access) protocol to not only create the synthetic assets but also as its price oracle.
UMA is unique because it is built to minimize on-chain usage and follows a similar approach as the Optimistic Rollups Layer 2 solution.
Essentially UMA allows the creation of assets with pre-approved external price indexes and incentivizes the asset creators to maintain the correct value throughout its maturity.
UMA’s oracle is only called in when liquidation is disputed, in which case UMA’s token holders submit a price for the particular liquidation to determine the outcome.
Liquidity
To ensure stability and capital efficiency, PerlinX focuses on creating deep liquidity for the underlying PERL token. This is to prevent runaway volatility and cascading liquidations of the pxTokens.
This is done by incentivizing the staking of PERL in Balancer liquidity pools and it will be a compulsory asset in each PerlinX pool.
A liquid collateral asset is crucial for the long run feasibility as it ensures both reliability and capital efficiency.
Synthetix for example has to maintain a 700% collateralization ratio due to the low liquidity of its SNX token (which is a product of the high staking ratio and high usage of the platform).
As we have experienced in the past PERL gave some super-pumps!
I will show bellow my last PERL predictions from couple of years ago.
***************************************
A Brief Overview
In August 2019 Perlin broke the record for most in-demand Binance IEO project and raised over $6M from thousands of investors with a vision to revolutionize trade and commodities in ASEAN.
The first version of the recently launched PerlinX platform
PerlinX is not the team’s first pivot from its original promises, but nevertheless worth digging into! In its core, PerlinX allows for the creation and trading of various synthetic assets (pxTokens).
PERL holders over-collateralize the synthetic contract and create a pxToken tracking the price of bitcoin, gold, oil, etc.
While similar to Synthetix in its functionality, PerlinX has some notable differences that make it stand out.
Oracle
PerlinX uses the UMA (Universal Market Access) protocol to not only create the synthetic assets but also as its price oracle.
UMA is unique because it is built to minimize on-chain usage and follows a similar approach as the Optimistic Rollups Layer 2 solution.
Essentially UMA allows the creation of assets with pre-approved external price indexes and incentivizes the asset creators to maintain the correct value throughout its maturity.
UMA’s oracle is only called in when liquidation is disputed, in which case UMA’s token holders submit a price for the particular liquidation to determine the outcome.
Liquidity
To ensure stability and capital efficiency, PerlinX focuses on creating deep liquidity for the underlying PERL token. This is to prevent runaway volatility and cascading liquidations of the pxTokens.
This is done by incentivizing the staking of PERL in Balancer liquidity pools and it will be a compulsory asset in each PerlinX pool.
A liquid collateral asset is crucial for the long run feasibility as it ensures both reliability and capital efficiency.
Synthetix for example has to maintain a 700% collateralization ratio due to the low liquidity of its SNX token (which is a product of the high staking ratio and high usage of the platform).
Comment:
older post pump targets
Trade closed manually:
PERLIN GOT DELISTED 🥲🥹😢
Comment: