Protocol/Project Name:
Peapods Finance
One sentence description of the Protocol:
Peapods Finance is the first volatility farming protocol that generates real yield from the price movements of any ERC-20 asset.
Protocol Overview:
Peapods Finance aims to become the premier hub for capital efficient liquidity. We will provide access to strategies such as Volatility Farming, borrowing to add LP, lending, and trading assets at a discount in a seamless “one-click” user experience. Our target audience is next wave of DeFi users whether experienced or novice. We intend to offer unprecedented yields for many types of user risk profiles. Whether a user would like to lend assets single-side, borrow against assets of their choice, or just add normal V2 LP, they can do so on our platform at the highest rates and efficiency.
MS Receiver Address:
0xe2Bbf803fa110207a3f1607734adE700B609303a (This is an EOA cold-storage wallet controlled by @delsolll(TG), BD at Peapods Finance)
Distribution Confirmation:
100% of incentives must be distributed to protocol users
We confirm that we will use Fuul to distribute 100% of the incentives received.
We will use Fuul because of the lower campaign fees, and the helpful support provided by the Fuul team.
Incentive Impact Statement:
We will use the OP incentives to directly reward our Pod LP holders. This way we can align our users to add LP on the Mode network and grow the arbitrage activity and trading volume within the Mode ecosystem. We believe that users will add LP in anticipation of future incentives. We will communicate to our community the benefits of adding LP on Mode to receive boosted rewards. Users will be informed of the opportunity to add LP before incentives are distributed after each epoch.
Eligibility Criteria:
Additional Information:
We plan on launching our Leveraged Volatility Farming Beta during the week of Jan. 20th. After, we plan on launching $vlPEAS to offer protocol revenue share as well as launch our meta-vaults, which will be our automated liquidity layer. Later, we will offer over-leverage for those who seek to add LP with more than 2x their size, and we are awaiting the anticipated launch of Berachain to further entrench Peapods at the center of modern DeFi.
We are releasing our LVF Deep Dives series to inform users about all the different products and ways to earn yield from our LVF upgrade. Our articles can be found on our medium page. Peapods Finance – Medium
Contact Information:
TG: @delsolll BD at Peapods
X: @del_peas, @PeapodsFinance