Peapods Finance PEAS

1. Summary

Ranks

Liquidity

94

Developer

-

Social

11

Momentum (beta)

9

Stack Rank™

-

Price

$3.27 -2.4%

Market Cap

$32.32M (#853)

Supply

9.94M / 9.94M

Tags

DeFi Arbitrum Ecosystem Ethereum Ecosystem Base Ecosystem Mode Ecosystem

More Metrics

Price
52W High price	$11.16
52W High date	13th Dec 2024 (5 months ago)
All Time High (ATH) Date	26th Jan 2024 (1 year ago)
ATH Price	$11.74
% From ATH	-67.89%
All Time Low (ATL) Date	18th Dec 2023 (1 year ago)
ATL Price	$0.18
% From ATL	1970.76%

Supply & Trading Volume
Trading Volume (24h)	$639,719.00
Total Supply	9.94M
Max Supply	9.94M
Circulating Supply	9.94M

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Description

Peapods Finance provides fully decentralized on-chain yield-bearing index funds, which are designed as "pods" for user convenience. These pods can be tailored to include multiple assets or single synthetic assets, and they are backed 1:1 by their underlying assets at the time of creation. This means that the asset amount cannot decrease, but it can...

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Peapods Finance provides fully decentralized on-chain yield-bearing index funds, which are designed as "pods" for user convenience. These pods can be tailored to include multiple assets or single synthetic assets, and they are backed 1:1 by their underlying assets at the time of creation. This means that the asset amount cannot decrease, but it can increase through protocol fees, such as pTKN burn fees. Pods are represented by vault shares, allowing users to unwrap their assets at any time to retrieve a share of the underlying assets equal to their share of the pod at that moment.

Key Features

• Decentralized, permissionless, and trustless: Smart contract code manages fund logic and collateral, ensuring no central control and full transparency.
• Collateralized Pods: Funds are fully collateralized and auditable on-chain, maintaining transparency and trustworthiness.
• Multi-Asset Pods: Weighted composition of assets is immutable, ensuring no dependency on oracles or price feeds.
• Yield Opportunities: Peapods leverage asset volatility through what is called "volatility farming," which generates fees when price discrepancies arise between pods and their underlying assets. These fees are distributed back to liquidity providers, providing them with a yield opportunity.

Mechanisms

• Pods can be traded on secondary markets like Uniswap, allowing arbitrageurs to earn fees when taking advantage of price variances.
• Fees generated from these interactions are then used to purchase the platform's native token, PEAS, which is distributed to liquidity providers and partially burned to maintain token price stability.

Use Case

• Peapods offer broad crypto exposure from blue chips to microcaps, enabling users to manage different crypto assets while earning real-yield returns.
• The protocol incentivizes users to provide liquidity to the system by rewarding them with PEAS for participating in the yield generation.

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