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The crypto sector in general has seen some turbulence of late, reflecting the retreat of tech stocks in the broader market. However, the volatility in the market is nothing new, which is why the development of DeFi products on the blockchain will continue regardless, strengthening a fast-growing ecosystem.
Over the past year, we’ve seen the rise of Layer 1 blockchains that focus on interoperability rather than simply positioning themselves as an alternative to Ethereum. Bridges and EVMs have enabled developers to take advantage of small emerging blockchains without having to turn their backs on larger players.
The NEAR protocol was developed in this environment. The blockchain that exploded in TVL last year is home to the Aurora EVM and a rapidly growing line of dapps. PembRock Finance, which is coming soon, wants to enable yield farmers to earn big with a blockchain that offers unparalleled security, low fees and fast transactions due to its Nightshade sharding mechanism.
Why rely on NEAR?
The team behind the NEAR protocol blockchain shares PembRock’s ideal of contributing to a Web 3.0 accessible to all through a network of user-friendly applications.
VICINITY:
- It’s fast, cheap and climate-neutral.
- Has a wallet that is easy to use for newcomers.
- Operates a sophisticated Delegated Proof of Stake (DPoS) consensus mechanism that encourages greater community participation.
- Has a large engaged community.
- Hosts a growing network of accessible DeFi products.
- Offers Ethereum compatibility through its Aurora EVM solution.
A major difference from other Layer 1 blockchains is the use of Guilds by NEAR – teams of community developers who help develop DeFi Dapps and provide multifaceted support within the NEAR ecosystem, benefiting users and larger ones encourages investment. In this regard, PembRock Finance is supported by both INC4 and Minerall guilds.
PembRock – Leveraged Yield Farming Project in NEAR Protocol
PembRock Finance helps bring more investment and liquidity to the NEAR protocol and aims to enable users to obtain undercollateralized loans so they can earn higher returns. Positions can be created and adjusted with just a few clicks, with automation and an easy-to-navigate interface removing the hassle that makes other DeFi products prohibitively expensive for a larger number of users.
There are three ways to make money at PembRock Finance:
1. Lending
By providing tokens borrowed from yield farmers, lenders could generate passive income from their crypto.
2. Leveraged Yield Farming
Yield farmers borrow tokens provided by lenders and farm them for a chance of triple returns. Automatic reinvestment means the rewards are compounded!
3. $PEM staking
$PEM is the versatile token at the heart of PembRock Finance. 100% of the protocol’s profit is used to buy back $PEM tokens and distribute them to stakers, with the added benefit of pressure to buy helping to create a more sustainable token. $PEM is used for:
PembRock Partners
One of PembRock Finance’s core goals is to integrate with the best DeFi platforms in the NEAR universe and link their liquidity and farming pools, allowing users to benefit from a whole host of leveraged farming pools in one place. It’s a lofty goal, but one she believes is achievable with the support and investment of various partners. Beginning with a $75,000 grant from the NEAR Foundation, PembRock has since incorporated and/or received support from:
As the project nears launch, discussions and new integrations are constantly happening.
Join a fundraiser and get $PEM!
With PembRock Finance going live soon, you could pick up the $PEM token at a fixed price as an early investor – before it gets listed on DEXes.
3 million $PEM tokens were successfully allocated to 155 participants who deposited NEAR. Given the strong appetite for the project, the launch of PembRock’s leveraged yield farming project has been brought forward.
Meta Pool’s Meta Yield uses an innovative fundraising mechanism where investors use NEAR to receive project tokens. The fundraiser is underway and more than half of the tokens have been allocated, so don’t delay!
Invest in any market
Leveraged yield farming means you can open positions with profit potential even in bear markets; Regardless of what this year brings, you may have a chance to earn rewards while contributing to the growth of the NEAR ecosystem.
contacts
Yevhen Nezghovorov
Telegram: @NZ3000
https://twitter.com/PemrockFi
This post contains sponsored advertising content. This content is for informational purposes only and is not intended as investment advice.
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