POWERCITY Earn Protocol EARN

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$0.004017820000 +4.7%

Market Cap

$0.00 (#12188)

Supply

0.00 / 100.00M

Tags

PulseChain Ecosystem

More Metrics

Price
52W High price	$1.07
52W High date	12th Mar 2024 (1 year ago)
All Time High (ATH) Date	12th Mar 2024 (1 year ago)
ATH Price	$1.26
% From ATH	-99.32%
All Time Low (ATL) Date	28th Feb 2025 (3 months ago)
ATL Price	$0.005349830000
% From ATL	60.57%

Supply & Trading Volume
Trading Volume (24h)	$308.00
Total Supply	100.00M
Max Supply	100.00M

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Description

POWERCITY Earn Protocol is the Enhanced Autonomous Rewards Network (EARN), a decentralized borrowing protocol that allows users to draw interest-free loans against PLSX used as collateral. Loans are paid out in PXDC, a USD-pegged stablecoin, and need to maintain a minimum collateral ratio of 110%. In addition to collateral, loans are secured by a S...

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POWERCITY Earn Protocol is the Enhanced Autonomous Rewards Network (EARN), a decentralized borrowing protocol that allows users to draw interest-free loans against PLSX used as collateral. Loans are paid out in PXDC, a USD-pegged stablecoin, and need to maintain a minimum collateral ratio of 110%. In addition to collateral, loans are secured by a Stability Pool containing PXDC and by fellow borrowers collectively acting as guarantors of last resort.

The EARN protocol is non-custodial, immutable, and governance-free. It incentivizes stable pool providers with an emissions token, EARN, which is issued as rewards and undergoes an annual halving process similar to Bitcoin. The total supply of EARN is capped, initially simulating an inflationary coin that will eventually become static once emissions cease.

EARN provides a capital-efficient and user-friendly way to borrow stablecoins, addressing the dominance of centralized stablecoins. Key benefits include a 0% interest rate, a minimum collateral ratio of 110%, governance-free operations, and direct redeemability. Users can access EARN through various frontends, making it accessible and censorship-resistant.

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