Pumpy Finance, an asset management platform and yield aggregator, is launching several products in the highly dynamic BSC ecosystem.

Pumpy Finance is the number one return aggregator with automatic compounding returns at empirically optimal levels aims to be. Therefore, it prioritizes security and superior user experience.

The creators of the project aim to create a sustainable economic model in which platform tokens can serve as a medium of exchange and a store of value.

With this goal, the protocol is issuing BEP-20 based PMP as its own utility token. The token will be used to distribute rewards (earned from the revenue of the project) to token holders.. Thus, there will be a total of 100,000 PMP tokens in the system.

In addition, 10,000 tokens are reserved for the team.. For each block produced on BSC, the participants of the Pumpy Finance ecosystem will earn PMP 0.0085.. CAKE tokens are also then converted into BUSD via an exchange and distributed to LPs.

At the time of writing, each PMP is trading at $505, while all locked tokens of the protocol are over $5 million.

Pumpy Finance is Transparent

Team members’ identities will be made public soon. We are facing a situation where the founders and investors are separated by some of the world’s popular DeFi protocols that prefer to remain anonymous.

Additionally, Pumpy Finance’s code has been audited by Vidar for transparency purposes – the code has been meticulously vetted to avoid expensive experiences.

Now and clearly, there are three communication channels where users can discuss project and industry related topics.

Pumpy Finance followers can interact via Twitter, Telegram and GitHub. Programmers can also review Pumpy’s code on GitHub.

Pumpy Finance Safe, Plans for 2021

Pumpy Finance offers auto-recalibrated vaults that allow users to deposit assets and tokens from highly efficient pools in the market.

1.5 percent of profits earned here will be used for buyback and burning PMP tokens. The idea is to support the token price by gradually reducing the PMP supply.

This arrangement will again benefit liquidity providers and token holders.. The protocol will charge a fee of 0.2 to 0.5 percent to generate dynamically optimized automated compounds for control fees and cover gas costs. considered. Pumpy Finance’s coffers will be free to withdraw, to the benefit of vault participants. analytics platform, Initial Farm Offerings (IFO) division, and an intelligent asset management portal are also among development plans.. According to the roadmap, in the second half of 2021, Pumpy Finance will support interoperability with NFT, fiat and CEX.

Binance Smart Contract continues to grow

On Ethereum only, DeFi protocols 41 manages billions of dollars worth of digital assets. The figure is on a steady path, rising exponentially.

In the past year, the number of tokens staked in Ethereum’s DeFi protocols has increased by more than 40X, which is quite impressive as it shows the level of demand and interest of those who want to get more returns on their assets. figure.

However, the Ethereum network continues to face scalability issues. Unable to scale new users and transactions, Binance Smart Chain for Ethereum shines as a viable alternative for projects aiming to avoid high Gas fees and stimulate the growth of their ecosystem.

Compatible with Binance Smart Chain Ethereum Virtual Machine (EVM). Uses Proof of Staked Authority (PoSA) with BNB 21 validators. No BNB printing at BSC either. However, BSC’s validators get a share of the transaction fees.. PancakeSwap is now in a position to compete with Uniswap. Meanwhile, Pumpy Finance plans to become the number one yield aggregator outperforming competitors like Auto Farm.

You can join Pumpy Finance’s Telegram channel by clicking here.

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