UncleMine and PenguinFinance Collaboration to Mine the Protocol Owned Liquidity Through Bonding Service
Penguin Finance proudly announces its collaboration with UncleMine to mine Protocol Owned Liquidity through their bonding service.
UncleMine Protocol is dedicated to utilizing cryptography technology to convert all types of computing power into universal and verifiable on-chain proof, to realize the true mapping of off-chain computing power to on-chain smart contracts, and to provide computing resources and computing power with liquidity, programmability, and composability.
UncleMine incorporates computing power into current DeFi ecosystems and creates a distinct asset class in the decentralized world as a result of the economic model’s incentives.
Both platforms are attempting to improve their web3 liquidity. UncleMine contributes liquidity to the miners, and Penguin Finance assists the web3 protocols in obtaining Protocol Owned Liquidity through bonding to replace renting temporary unstable liquidity via traditional liquidity mining incentives.
By working together, they will provide more efficient infrastructures for web3!
UM Bonding will be available soon on https://app.png.fi/bond
Bonders may purchase UM at a discount by paying LP token, and the UM will automatically be staked to enjoy juice APY.
About UncleMine
UncleMine is a decentralized protocol that connects Web3.0 to the physical infrastructure behind it. UncleMine aims to bring all sorts of computing powers to smart contract platforms, enabling the physical infrastructure resources to circulate in the Defi world.
About Penguin Finance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking. A protocol can utilize the bonding service to acquire liquidity instead of renting it. Protocol-owned liquidity can help a protocol survive in the long run by staying with it during a downturn. Instead of fostering short-term involvement, token vesting will allow protocols to match their incentives and communities with their long-term goals.
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