ICO PembRock

Finance ICO List Category

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4.60 (1 ICO reviews)

PembRock ICO Links:

● Website

● Whitepaper

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PembRock ICO Listed:

2022-05-09

Created by:

PembRock

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ICO PembRock description
PembRock ICO details

ICO PembRock Description:

ICO Description

PembRock is the first leveraged yield farming protocol built on the NEAR blockchain. Users can provide liquidity, farm with leverage, stake, and take governance decisions to secure the future of the platform, all on a fast, secure, cheap, and user-friendly blockchain.

PembRock couples lenders and yield farmers who are rewarded for providing liquidity within the NEAR ecosystem. On launch, we will support two base assets — NEAR and USDT — and integrate our leveraged farming with Ref Finance.‌

Lender

The lender deposits their NEAR and earns interest from the borrowing fees paid by yield farmers.

Leveraged Farmer

The yield farmer opens a leveraged yield farming position on a trading pair, borrowing NEAR from the vault and joining the farming pool with leverage. The yield farmer gets higher returns due to the larger stake, but pays a 10% premium for the privilege of using borrowed funds.

Liquidator bot

The liquidator bot monitors all yield farming positions, liquidating those that become too risky. If a leveraged yield farming position does get liquidated, 5% of the position’s fee goes to the protocol, and is then distributed among those who have staked the PEM token.