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.
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.
Peerion’s core technology is powered by:
Aragon is a decentralized global governance and arbitration system which acts as a last resort for unresolved disputes. Any unresolved disputes concerning pool activity can be brought to arbitration and reviewed by a randomly selected group of Aragon Guardians.
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 ChainWith Aragon 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:
To learn more about how a pool operates, check out the specs on the PNT Node Pool.
An official Peerion DAO will be formed to govern the entire Peerion Ecosystem and support all incorporated pools. The objectives of the DAO will be to decide on new initiatives and support existing initiatives. The DAO itself has no power over the individual pools, other than the normal voting rights that are gained from contributing to a staking initiative.
In the beginning, there will not be a Peerion DAO, as the Peerion Team will be responsible for launching the first initiatives. After the initial pools are successfully running, the Team will launch the official Peerion DAO plus a social mining program that will distribute power to the community, ultimately decentralizing control over Peerion in its entirety.
1. What is Peerion’s initial role in regards to the pools?In the beginning, the Peerion team will subsidize the overhead needed to deploy the initial pools, manage the cross-chain transactions, and operate any nodes/servers needed. Those costs and efforts will eventually be managed by the Peerion DAO.
2. What are the benefits of joining a Peerion Pool?Pooling assets with Peerion can save time and money and generate passive income for individuals.*a. Time is saved by eliminating the need to perform research alone, now you have a collective of minds that form a consensus on the best moves forward.
b. Money is saved because Peerion Pools run on an Ethereum side-chain and only require one transaction on mainnet for the entire pool.
c. Passive income is generated through various ‘set it and forget it’ staking initiatives, that issue consistent rewards.*Returns are not guaranteed. Past performance does not dictate future performance.
3. Who can join a Peerion Pool?Anyone can request to join a pool, but approval is needed by the members of that pool.
4. Why is approval needed to join a Peerion Pool?An approval system was implemented in order to prevent whales from trying to dominate any single pool and/or prevent less serious investors from joining. If someone requests too high/low of a stake, the pool can deny it. This leaves flexibility in pool standards for the public to decide on.
🟢 Phase 1 – CompleteCreate strategic partnership with pNetwork
🟡 Phase 2 – In Progress…Launch the first staking pool initiatives
⭕ Phase 3 – Coming Q3 2021Launch the the official Peerion DAO
⭕ Phase 4 – Continuing into Q4 2021Expand the cross-chain ecosystem