
Possum PSM
1. Summary
- Price
-
$0.000090260000 -1.2%
- Market Cap
- $332,565.00 (#5338)
- Supply
- /
- Description
-
Overview of Possum Labs
Overview of Possum Labs
Possum Labs is a team focused on creating new financial products promoting credible neutrality, transparency, and collaboration. Their products aim to benefit all users without negatively impacting anyone else. This positive-sum nature is where Possum Labs gets its name.
Key Features
- Composability with DeFi: Possum Labs leverages the composability inherent in decentralized finance (DeFi) to develop new financial products with enhanced capital efficiency and better incentive structures compared to traditional financial systems.
- Portals: The first product from Possum Labs, Portals, taps underlying yield sources, allowing users to unlock future yields instantly. Depositors can claim upfront yields, which are denominated in PSM tokens. The PSM token can then be sold or utilized elsewhere.
How Portals Work
- Unlocking Future Yield: Portals allow users to deposit yield-bearing assets and access the yield upfront. The more upfront yield claimed, the longer the depositor needs to wait to withdraw their deposit.
- Cumulative Time: The upfront yield can be thought of as depositing “cumulative time,” enabling users to access future yields earlier.
- Collaboration with Other DeFi Platforms: Assets deposited into Portals are automatically staked in Vaultka's lending pools, enhancing the overall yield.
PSM Token
- Token Function: The PSM token is utilized to pay upfront yields to depositors in the Portals system.
Note
By utilizing DeFi's composability, Possum Labs aims to offer innovative financial products that benefit all users without negatively impacting anyone. The Portals product is designed to enhance capital efficiency and incentivize users effectively.
Price | |
52W High price | $0.001151852800 |
52W High date | 12th Jan 2024 (1 year ago) |
All Time High (ATH) Date | 20th Feb 2025 (3 months ago) |
All Time Low (ATL) Date | 20th Feb 2025 (3 months ago) |
Supply & Trading Volume | |
Trading Volume (24h) | $204.00 |
PSM
How does Possum's (PSM) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
PSM
-34.5%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
Reddit Subscribers | |
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Active Reddit Users (past 24h) | |
Discord users | |
Active Discord Users | |
Telegram Users | |
Twitter followers | 2,217 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://www.possumlabs.io/ |
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Explorer | https://etherscan.io/address/0xcb69B067d9d8d6dD120... |
@Possum_Labs |
What is the correct contract address for Possum?
Ethereum | 0xcb69b067d9d8d6dd1209fe4557c43586e54f9045 |
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Arbitrum-one | 0x17a8541b82bf67e10b0874284b4ae66858cb1fd5 |
Has Possum been audited for security?
No security audits found for this project.
Are you the owner of Possum? Edit it here
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