Review on Perlin by David Olayide

Name: Perlin
Item: Perlin
Rating: 4

March 23, 2021

The Perlin DeFi Platform.

Perlin (PERL) is a decentralized finance interface platform, that allows users to trade assets of any kind with each other through incentivized liquidity mining and synthetic asset generation. The project makes use of incentivized liquidity provision through the use of liquidity pools powered by the Balancer protocol. At first my initial opinion about this project was that it is too complex to understand. And truth be told it actually is, if you’re not very knowledgeable about the deeper workings of cryptocurrency projects.

Users can stake their PERL tokens in order to provide liquidity and in return also be rewarded for doing that. The rewards for liquidity provision will initially be distributed in PERL, BAL and UMA tokens. In getting to know a project one of the first and most important details to look out for is the objectives or aims that a project seems to achieve. That way it’ll be much easier to understand what the project is about.

Perlin’s has a major goal or aim to achieve and that is to bridge legacy financial systems and products to DeFi and to democratize market access for everyone. Perlin is focused on helping to create more efficient, equitable, and open marketplaces and economies that can benefit everyone everywhere. This is actually a very good thing and we can be grateful that projects like this actually exist.

PERL token is an ERC-20 token and has a circulating supply of 490,938,908 PERL coins and is actively traded on Binance, Uniswap, Gateio, and Bilaxy. To simplify everything said above, PerlinX is focused on bringing real-world assets to the Decentralized Finance (DeFi) ecosystem and enabling the trading of these assets by using liquidity pools and synthetic asset generation.

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Pros