Decentralized Finance (DeFi) has seen tremendous growth; Proof-of-Stake blockchains and validator networks are becoming the more widely accepted option compared to Proof-of-Work. These evolutions within the blockchain space are moving fast, and as a result, new problems have surfaced for the average network user.
POS/Validator networks favor the wealthy, and leave the majority of daily network users paying all of the fees.
The Ethereum network, host of most DeFi DApps, has become congested, making it inefficient to transact.
Peerion looks to solve these problems and realign incentives for network participants by implementing a network of autonomous pools, each with their own initiatives and governance, on an Ethereum Layer 2 Side-Chain, enabling all levels of investors to contribute to the security and decentralization of Web 3.0.
Peerion’s core technology is powered by:
DAOhaus – Governance
pNetwork – Interoperability
xDai Chain – Infrastructure
DAOhaus is a decentralized governance platform which offers an easy-to-use interface for interacting with smart contracts across multiple blockchain networks. Learn more about DAOhaus
pNetwork will play a vital role in cross chain assets and smart contract interactions for the entire Peerion ecosystem. pNetwork makes it possible to take part in various staking initiatives on a number of different blockchain networks all from the xDai Chain. Learn more about pNetwork
xDai Chain is an Ethereum Layer 2 stable coin side-chain based on the DAI stable coin. Transactions on the xDai Chain are fast, secure, and cost a fraction of a cent. Learn more about xDai Chain With DAOhaus technology on xDai and pNetwork’s cross-chain solutions, Peerion Pools are multi-chain enabled and equipped with powerful toolsets on an easy-to-use interface, with nearly instant and free transactions.
Each pool in Peerion’s ecosystem will have its own initiatives and governance, essentially acting as individual Decentralized Autonomous Organizations (DAO). For example, a project is chosen called Project 1. Once chosen, a pool, a staking mechanism, and a governance system is launched to manage the Project 1 initiative. Now assets for the Project 1 staking initiative can start being pooled, and the assets can only be utilized after a consensus vote to move said assets.
Two important things to note:
Voting power is proportional to the amount one has staked in the pool.
Having separate governance systems for each pool, eliminates the friction between the different initiatives.
To learn more about how a Peerion Pool operates, check out the specs on the PNT Node Pool.
The main objective of the Peerion DAO is to govern all current and future initiatives (pools) within the Peerion Ecosystem, and manage a shared treasury which secures the fees collected by Peerion. Governance within the Peerion DAO is powered by ION Tokens, which also enable proportional claim to the Peerion Treasury. ION Tokens can be earned through farming initiatives that are layered on top of Peerion Pools, and act as added incentive to participate in the ecosystem.
The ION Tokens collected via farming, can then be staked back into the Peerion DAO for governance power and treasury claim. The roles of Peerion DAO members include voting on future initiatives and improvements, dispute resolutions, and voting on the issuance of ION Tokens.
All protocol fees collected by Peerion are added into the Peerion DAO Treasury Vault, which are then split proportionally based on ION Stake. The more ION staked, the more power in the Peerion DAO. The incentive model is designed to reward long-term participation in the Peerion ecosystem.
The Peerion DAO Treasury Vault holds the various fees collected by Peerion through all of its active roles in the ecosystem. Active Peerion participants gain exposure to these assets simply by staking their farmed ION back into the Peerion DAO.
Here is a high level overview of the entire process:
There is a max supply of 100M ION Tokens. Of the 100M, 20% of the supply goes to the Peerion Team and is locked for the next two years, 10% is dedicated to Peerion Partners and early supporters, and the remaining 70% is to be distributed to the public via farming and airdrops. 70M is currently locked out of circulation in the Distro DAO, which can be found here: https://app.daohaus.club/dao/0x64/0x828c0b882554521c7ebd840ef6e3d6e29ff184b1/bank.
20M+ is locked out of circulation in the main Peerion DAO, which can be found here: https://app.daohaus.club/dao/0x64/0x8dc24f1eab01c3279b587c9624e5d07458c04f87/bank
10 Million is going to be locked in a treasury to fund liquidity and partnership initiatives.
Phase 1 – Q2 2021 – Complete Create strategy and proof of concept
Phase 2 – Q2 2021 – Complete Launch the first staking pool initiatives
Phase 3 – Q3 2021 – In Progress… Launch the the official Peerion DAO
Phase 4 – Continuing into Q4 2021 Expand the Peerion ecosystem