#PENGUINFINANCE Archives - Smart Liquidity Research

Penguin Finance Integrates Glitter

Lida Dinnero — Thu, 15 Dec 2022 17:08:46 +0000

Penguin Finance Integrates Glitter, so Glitter will leverage Penguin Finance’s bond service to further grow liquidity for bridged assets.

Glitter Finance is a brand-changing innovator that aims to bring everyday users into the world of cryptocurrency seamlessly. By providing user-friendly and streamlined architecture, Glitter aims to remove technical and psychological barriers that may prevent people from investing and participating in the crypto market.

As an interoperability solution, Glitter serves as a layer-zero for DeFi protocols across multiple blockchain networks. It connects disparate ecosystems and simplifies the usage and investment process across different blockchain networks.

Currently, Glitter has successfully bridged the Algorand and Solana blockchain networks bidirectionally with over 99% efficiency. And is looking to expand its capabilities to other networks. By allowing for easy integration with supported smart contracts, protocols, decentralized exchanges (DEX), and wallets. Glitter enables liquidity movement across various blockchain networks.

In working with the Penguin Finance, bonding for bridged assets will offer long-term supporters of the protocol the opportunity. To use LPs to purchase tokens at a discount, helping to deepen liquidity while minimizing the risk of Impermanent Losses. This will help Glitter to gain more controllable liquidity while providing a bonding incentive system to supporters of the protocol.

About Glitter Finance

Glitter Finance is an interoperability solution that serves as a layer-zero for DeFi protocols across multiple blockchain networks. It thrives by linking disparate ecosystems and simplifying the usage and investment process across chains. Glitter bridge powers cross-chain transfer of assets between Non-EVM and EVM supported networks bidirectionally, the first being the Algorand and Solana blockchain networks.

Website | Twitter

About Penguin Finance

Penguin is a Liquidity-as-a-Service Platform that offers comprehensive treasury management solutions, including swap, bonding, and staking services. Protocols can utilize Penguin’s bonding service to acquire liquidity rather than renting it, which can help them to remain sustainable in the long run. By implementing token vesting, protocols can align their incentives and communities with their long-term goals, fostering long-term involvement instead of short-term participation.

Website | Twitter

SOURCE:
https://pngfi.medium.com/glitter-finance-and-penguin-finance-collaborate-to-obtain-protocol-owned-liquidity-for-bridged-2bcc82bb9e3

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Penguin Entering Dappio Wonderland

Mische Martinete — Wed, 20 Jul 2022 07:56:58 +0000

Penguin entering Dappio Wonderland for its new adventure. This team-up will aggregate Penguin’s bonding, staking, and distributor features in the Universal Rabbit Hole in the future.

Penguin Finance will also assist Dappio to gain Protocol-Owned Liquidity and motivate long-term supporters through bonding.

Dappio is a one-stop solution for Solana DeFi / NFT. Furthermore, Dappio will aggregate yields across DeFi and NFT offerings, creating a space where dreams can come true and imaginations can run wild without fear.

Moreover, the Universal Rabbit Hole develop by the Dappio team simply defines it as a pluggable program gateway for a basket of smart contracts. It will serve as middleware, combining multiple top DeFi protocols into a single upgradable program layer. This structure will enable developers to build, improve, and fully realize the potential of DeFi on Solana. Penguin Finance will be coming soon.

As the first in a series of collaborations, they are pleased that the Dappie Gang is using Penguin Distributor to airdrop MysteryBox to all Dappies who have staked. All award delivery accomplish by deploying a merekle distributor that can be updated and issue awards on a continuous basis.

Penguin Finance is glad to meet and collaborate with a group of like-minded Dappies to shape the future of Solana. The integration of Penguin Distributor is just the beginning.

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.

Website | Twitter

ABOUT Dappio

Dappio is a one-stop yield aggregation solution for DeFi / NFT on Solana. Its aim is to make users’ yield assets more profitable and easy to use by aggregating the best of the yields in Solana’s ecosystem, including farming, lending, borrowing, and staking in one tool. For peace of mind, users can compare APY and interest rates on all other major Solana projects before participating.

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RESOURCES

Medium

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Islander How to Farm on Penguin Finance

Jewel — Tue, 28 Jun 2022 21:47:42 +0000

Islander How to Farm on Penguin Finance, Islander introduce you another tool to farm to earn more. Farming on Penguin Finance.

Currently, Islander primary goal is to serve as a springboard for the top initiatives in the Avalanche ecosystem. So, with this “Avalanche How-to” series, they will provide you with the fundamentals of this potential ecosystem.

The next post is “Avalanche How To’’ series is about Farming on Penguin Finance.

First of all, what is Farming?

Farming, also known as Yield Farming, is a term that refers to users trying to generate as much profit as possible from their crypto assets by providing liquidity to DeFi protocols.

In the concept of Yield Farming, Liquidity Providers will supply a pair of tokens in the Liquidity Pool and receive a special token call as an LP token in return, to know how much liquidity they have added to the pool. A liquidity pool is simply a smart contract that contains tokens in it.

These pools allow users to borrow, lend or trade between tokens. By doing so, they are going to earn passive income from transaction fees, and interest from lenders. Users can even stake Liquidity Pool tokens to earn extra yield. Extra yield is frequently distributed by local tokens of DeFi protocols.

Today Islander introduce you another tool to farm to earn more. Farming on Penguin Finance.

So, here’s how you can do that:

Step 1: Choose Igloo (Liquidity pool) you want to add liquidity on Penguin Finance platform.
Step 2: Add your tokens by clicking “Enable Farm”. Because Penguin Finance is using liquidity form Pangolin and Trader Joe, it might lead you to one of 2 exchanges above for liquidity adding.
Step 3: After having added, you will receive an amount of LP tokens. Stake it and earn rewards.

There’s a few things have to notice:
Farming can give you a high APY, but beware of Impermanent loss, which can lose your token. Their advice is that you should choose pairs of tokens, which have a top coin. Ex: AVAX/ISA, AVAX/PEFI.

About Islander

Islander as a learn-to-earn & affiliate marketing platform promoting crypto adoption, Islander is not only a place where retail investors can find and learn from potential projects but also provides informative news.

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About Penguin Finance

The Penguin Finance protocol is bringing yield-farming, staking and more functionalities to the Avalanche Network.

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SOURCE

https://islander-io.medium.com/how-to-farm-on-penguin-finance-5e6fd832388e

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Penguin Finance partners with Race Game

Mische Martinete — Sat, 18 Jun 2022 02:11:42 +0000

Penguin Finance partners with Race Game to deliver more enjoyable poker events to both communities and to assist RacePoker in collecting POL through bonding. RAce Poker is an open-source online web 3 poker game that dramatically enhances the potential of blockchain and decentralized storage.

RACE Poker has its own native token $RACE, and its economic architecture will allow the fund in poker games to function more efficiently and economically. Rake reduction will minimize players’ overall costs, but the design of ‘rakeback’ with RACE token will offer participants a minimum-guaranteed profit. They expect that poker players will experience the pleasure of positive-sum games on RACE Poker.

RACE poker will use Penguin’s bonding service in the future to gain access to the POL. Allowing long-term supporters of the offer to purchase RACE at a discount. It also continues to accumulate LPs permanently locked in its own treasury to avoid a liquidity crisis.

PARTNERSHIP IMPORTANCE

When you rent LPs from farmers using liquidity mining incentives, a liquidity crisis necessarily emerges when the market falls or your incentives become insufficient. Penguin Finance is delighted about the opportunity to assist RACE in building a strong and secure liquidity base and growing over time.

RACE poker also features an NFTs display. PngArtists may now join the game and utilize Penguin Art NFT as their avatar. In the future, PNGART will have a unique presentation at RACE poker while discovering the possibilities of partnering on NFT with the RACE team.

As a result of this collaboration, both projects will work together on poker events for their communities as well as treasury and liquidity management.

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.

Website | Twitter

ABOUT RACE Poker
RACE Poker is committed to the development of decentralized asymmetric information competitive games. Equally, the RACE team will untiringly develop a trustworthy and reputable model. It is to ensure the fairness and safety of the game. It will also apply the trustworthy one to the game. Through the blockchain, P2P network, smart contract, web3, and other technologies.

Website | Twitter

RESOURCES
Medium

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