Unlocking New Opportunities: Peri Finance’s April Chain Updates and Gold Staking

Pynths Protocol

3 min readApr 16, 2024

Exciting April Updates from Peri Finance

We are thrilled to share the detailed updates for April at Peri Finance.

A key update is the addition of support for the Base and Moonbeam chains.

We have also expanded our RWA staking assets to include Gold (PAX Gold, Tether Gold) and USDT.

For more details, please see the sections below.

BASE, Moonbeam Chain support

We officially support the BASE and Moonbeam chains, with deployment set for this week Supporting these two chains has expanded the infrastructure of the PERI Finance ecosystem. This upgrade allows investors to reduce gas fee and to speed up the transactions on PERI dApps.

Investors can now deploy various synthetic assets and employ diverse investment strategies through the PERI DEX.

Currently, the BASE chain supports only three staking assets(PERI, DAI, USDC) as other assets have not yet been deployed on this chain. We plan to expand support as additional assets are rolled out in the future.

Gold Staking (Paxg, XAUT)

In response to the uncertain economic climate and soaring gold prices, we have added gold as a staking asset to Peri Finance. This strategic addition not only helps stabilize the overall portfolio but also significantly increases capital efficiency, facilitating the operation of assets through various strategies. Importantly, this enhancement allows us to offer a higher Loan-to-Value (LTV) ratio, which can reach up to 50%. This means that stable coins can be leveraged up to 100%, and gold up to 75%, thereby maximizing capital utilization and providing investors with more leverage options to diversify and strengthen their investment strategies.

PERI Staking

When staking PERI, a Loan-to-Value (LTV) ratio of 25% is applied, with a target collateralization ratio (C Ratio) of 400%.

Gold Staking

For gold staking, the target collateralization ratio (C Ratio) is set to 200%, which allows for loans to be issued at a Loan-to-Value (LTV) ratio of 75%. This arrangement enables a higher leverage compared to other assets, providing investors with significant borrowing capacity against their staked gold, enhancing their investment flexibility.

Strategic Scenario Example

Here’s a strategic scenario for better understanding:

When $1000 each of PERI and XAUT are staked, $1000 in pUSD is issued. This pUSD can then be used to purchase pBTC on the PERI Dex.

Here’s portfolio composition

PERI 1000$ (APY 27%)
GOLD 1000$ (APY 27%)
pBTC 1000$ (No reward)

This portfolio offers stable investment in PERI, GOLD, and BTC while also providing interest earnings from PERI:GOLD.

Compared to single-asset investments, the PERI:GOLD:pBTC portfolio demonstrates higher performance.

1:1:1 75.43%
BTC 50.29%
PERI 72.14%
GOLD 14.41%

We are preparing more diverse strategies through PERI PERP and Option DEX, and will continue to post updates on various strategies.

About PERI Finance

PERI Finance is a decentralized, cross-chain mirrored asset issuance and derivatives exchange on the Polkadot, Kusama, and Moonriver network. PERI Finance allows accessing a wide range of both traditional financial and crypto assets in the form of leverage and non-leverage mirrored products. PERI Finance empowers users with the lower GAS fee, speedy transactions, and ample security from front-running or flash loan.