What is Pembrock?
PembRock Finance is a new leveraged yield farming protocol designed on the NEAR blockchain. It offers users a platform where they can provide liquidity, farm with leverage, stake, and make governance decisions to secure the future of the ecosystem. Being built on a fast, secure, cheap, and user-friendly blockchain, PembRock Finance is the first of its kind.
PEM is the native token of the PembRock Finance ecosystem, with versatile functionality that helps the platform to operate. Users can utilize PEM tokens for staking within the ecosystem, with rewards paid out in PEM. The token is also a part of the reward mechanism for interacting with the PembRock protocol. Furthermore, it is an additional bonus for those who provide funds to the liquidity pools. PEM tokens are also used for DAO participation, where users can stake their tokens to receive xPEM, PembRock's governance token.
PEM tokens were deployed in March 2022, with a fixed total supply of 160,000,000 tokens. The tokens are gradually unlocked over more than 10 years.
PembRock Finance is co-founded by NEAR guild masters and has secured a $75,000 grant from the NEAR Foundation. The CEO of the platform, Igor Stadnyk, has a software development background and a proven track record of launching and leading blockchain projects since 2012, which helps in building PembRock as a strong financial tool with solid tech components. His mining pool, Minerall, blockchain outsources company INC4, and IoT blockchain-based ecosystem Ambrosus, all demonstrate his expertise in the industry.
The team behind PembRock Finance is fully transparent and presented on the platform's webpage. The team is made up of professionals with diverse backgrounds in blockchain projects and other different fields. With their collective knowledge, they aim to build a platform that is innovative, secure, and user-friendly.
PembRock Finance is set to revolutionize the yield farming landscape on the NEAR blockchain. With its versatile native token, solid tech components, and transparent team, the platform offers a new dimension of yield farming that is safe, fast, and profitable. Users can provide liquidity, farm with leverage, stake, and take governance decisions to secure the future of the ecosystem. By providing a fast, secure, cheap, and user-friendly blockchain, PembRock Finance is well on its way to becoming a top player in the blockchain ecosystem.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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