Review Pledge Finance ($PLGR) – Next Generation of Defi
Any change in interest rates has a direct impact on borrowing costs as well as debt service levels, bringing to the picture greater difficulty in forecasting them. Will Pledge Finance solve this problem?
Concept Project – What is Pledge Finance?
Pledge is a trustworthy, transparent, and convenient cross-chain swap solution for decentralized financial assets. It is committed to combining NFT cross-chain circulation and multi-asset trading to simplify its transfer process, expand the current NFT market, accelerate NFT valuation/pricing by providing the trading board function, and provide more convenience to all NFT users.
Outstanding Features
What is the project trying to achieve?
The goal of the Pledge Finance team is to build the underlying technology and create the Defi building blocks for the next generation of public finance. Unlike other Defi projects, Pledge is designed to enable the creation of innovative structured mortgage lending products, refinancing, fixed-rate swaps, financial derivatives on credit markets to meet a diverse portfolio of tastes and risk levels. Such markets have a trading volume of about $500 trillion per year. Improvements in fixed yearn vault, variable yearn vault, tokenization of yields, and NFT-represented premium bonds, give Pledge a unique position as a “Lego building block” maker, improving the efficient use of capital and reducing liquidity friction.
What is a unique selling point?
Frictionless & Cost-effective: Pledge utilizes the Binance Smart chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity. Â
Low – slippage & Stable rate Pledge has introduced a novel liquidity curve based on logit function which is relatively flat in the middle to greatly reduce slippage. Â
Fixed-term & predictable Pledge enables each loan term ( interest rate, maturity ) to be fixed when the loan was made, avoid interest rate volatility for long-term loans
Build fixed-rate and term loans for whales and miners: Most DeFi lending protocols offer variable-rate loans to traders. Pledge started with a fixed rate and maturities, mainly focused on serving whales and miners for their borrowing needs.
Road Map
Technical Data
PLGR (pledge token) is the yield farming and utility token for DeFi applications, first deployed in a BSC environment, with Polkadot, Heco, Polygon, Ethereum versions potentially being created down the road. Each environment is expected to have its own token standards, and each version of PLGR token is swappable across different blockchains.
Key Metrics
- Ticker: PLGRÂ
- Type: Pre-ICO
- Category: Finance
- Currencies: USD
- Platform: Ethereum
- Token type: ERC-20
Token Allocation
Token Sale
- ICO Token Price:Â 1 PLGR = 0.1 USD
- Fundraising Goal:Â 300,000,000 TOKEN
- Total Tokens:Â 3,000,000,000Â
- Available for Token Sale:Â 10%
- Know Your Customer (KYC): YES (PERIOD ISN’T SET, PASS )Â
- Сan’t participate: CRIMEA REGION, CUBA, IRAN, SYRIA, UKRAINE, USAÂ
- Min/Max Personal Cap:Â $300 / $50000Â
- Accepts:Â ETH, BTC, USDT, USDC
Listed below are some important dates/times to keep in mind:
- Public Sale KYC Starting Date (Time): September 14th, 11:00 am EDT (Eastern
- Daylight Time)
- Public Sale KYC Ending Date (Time): September 27th, 11:45 pm EDT (Eastern
- Daylight Time)
- Public Sale Starting Date (Time): October 5th, 11:00 am EDT (Eastern Daylight
- Time)
- Public Sale Ending Date (Time): October 18th, 11:45 pm EDT (Eastern
- Daylight Time)
Token release Schedule
Token Use Case
- Borrowing
- Lending
- Governance
- Providing Liquidity
How to own the token?
Market and Community
Market
Pledge Finance is planning in later iterations to utilize the unique feature of NFT to categorize different bonds, yields and represent other obligations of traditional financial instruments. These instruments can be represented by their seniority status and by their collateral ratio.
Community
More than 60,000 members in the community of Pledge Finance
Backers
Team/Founders
Partners
Final Thought
In conclusion, the primary idea on which Pledge Finance’s DeFi reform dwells is that by reducing the risk exposure associated so far with volatile interest rates, it can offer real-world alternatives that investors, traders, and non-traders can use to maximize returns. The platform itself was created with the motive of facilitating simplified lending, borrowing, and spending of money at the user’s disposal, without hassling over the liquidation of their crypto portfolio. With this step towards the creation of an agnostic marketplace providing these stakeholders fixed interest rates on their crypto collateral-backed loans, Pledge has moved closer to its long-term vision.
Find more information about Pledge Finance
Website: https://www.pledger.finance/
Telegram: https://t.co/RB1RevIClO?amp=1
Twitter: https://twitter.com/PledgerFinance
Elise
Coincu research
Author
DeFi Reviews, Knowledge
Review Pledge Finance ($PLGR) – Next Generation of Defi
Any change in interest rates has a direct impact on borrowing costs as well as debt service levels, bringing to the picture greater difficulty in forecasting them. Will Pledge Finance solve this problem?
Concept Project – What is Pledge Finance?
Pledge is a trustworthy, transparent, and convenient cross-chain swap solution for decentralized financial assets. It is committed to combining NFT cross-chain circulation and multi-asset trading to simplify its transfer process, expand the current NFT market, accelerate NFT valuation/pricing by providing the trading board function, and provide more convenience to all NFT users.
Outstanding Features
What is the project trying to achieve?
The goal of the Pledge Finance team is to build the underlying technology and create the Defi building blocks for the next generation of public finance. Unlike other Defi projects, Pledge is designed to enable the creation of innovative structured mortgage lending products, refinancing, fixed-rate swaps, financial derivatives on credit markets to meet a diverse portfolio of tastes and risk levels. Such markets have a trading volume of about $500 trillion per year. Improvements in fixed yearn vault, variable yearn vault, tokenization of yields, and NFT-represented premium bonds, give Pledge a unique position as a “Lego building block” maker, improving the efficient use of capital and reducing liquidity friction.
What is a unique selling point?
Frictionless & Cost-effective: Pledge utilizes the Binance Smart chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity. Â
Low – slippage & Stable rate Pledge has introduced a novel liquidity curve based on logit function which is relatively flat in the middle to greatly reduce slippage. Â
Fixed-term & predictable Pledge enables each loan term ( interest rate, maturity ) to be fixed when the loan was made, avoid interest rate volatility for long-term loans
Build fixed-rate and term loans for whales and miners: Most DeFi lending protocols offer variable-rate loans to traders. Pledge started with a fixed rate and maturities, mainly focused on serving whales and miners for their borrowing needs.
Road Map
Technical Data
PLGR (pledge token) is the yield farming and utility token for DeFi applications, first deployed in a BSC environment, with Polkadot, Heco, Polygon, Ethereum versions potentially being created down the road. Each environment is expected to have its own token standards, and each version of PLGR token is swappable across different blockchains.
Key Metrics
- Ticker: PLGRÂ
- Type: Pre-ICO
- Category: Finance
- Currencies: USD
- Platform: Ethereum
- Token type: ERC-20
Token Allocation
Token Sale
- ICO Token Price:Â 1 PLGR = 0.1 USD
- Fundraising Goal:Â 300,000,000 TOKEN
- Total Tokens:Â 3,000,000,000Â
- Available for Token Sale:Â 10%
- Know Your Customer (KYC): YES (PERIOD ISN’T SET, PASS )Â
- Сan’t participate: CRIMEA REGION, CUBA, IRAN, SYRIA, UKRAINE, USAÂ
- Min/Max Personal Cap:Â $300 / $50000Â
- Accepts:Â ETH, BTC, USDT, USDC
Listed below are some important dates/times to keep in mind:
- Public Sale KYC Starting Date (Time): September 14th, 11:00 am EDT (Eastern
- Daylight Time)
- Public Sale KYC Ending Date (Time): September 27th, 11:45 pm EDT (Eastern
- Daylight Time)
- Public Sale Starting Date (Time): October 5th, 11:00 am EDT (Eastern Daylight
- Time)
- Public Sale Ending Date (Time): October 18th, 11:45 pm EDT (Eastern
- Daylight Time)
Token release Schedule
Token Use Case
- Borrowing
- Lending
- Governance
- Providing Liquidity
How to own the token?
Market and Community
Market
Pledge Finance is planning in later iterations to utilize the unique feature of NFT to categorize different bonds, yields and represent other obligations of traditional financial instruments. These instruments can be represented by their seniority status and by their collateral ratio.
Community
More than 60,000 members in the community of Pledge Finance
Backers
Team/Founders
Partners
Final Thought
In conclusion, the primary idea on which Pledge Finance’s DeFi reform dwells is that by reducing the risk exposure associated so far with volatile interest rates, it can offer real-world alternatives that investors, traders, and non-traders can use to maximize returns. The platform itself was created with the motive of facilitating simplified lending, borrowing, and spending of money at the user’s disposal, without hassling over the liquidation of their crypto portfolio. With this step towards the creation of an agnostic marketplace providing these stakeholders fixed interest rates on their crypto collateral-backed loans, Pledge has moved closer to its long-term vision.
Find more information about Pledge Finance
Website: https://www.pledger.finance/
Telegram: https://t.co/RB1RevIClO?amp=1
Twitter: https://twitter.com/PledgerFinance
Elise
Coincu research
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