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DeFiBorrow, Earn, Leverage, Short, Hedge.
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PHL SCORE

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86

Apr'22

Founded

Reputation

Clear utility. Allows people to short HEX (good!). Lesser-known founders, unknown code-quality. Beta available on testnet. Pretty new, not fully battletested yet. No audit yet.

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About $PHIAT

Fork of AAVE. A Native DeFi Platform for PulseChain. A decentralised liquidity protocol. Use RH Eco tokens as collateral. $phiat is designed to help its holders accrue value and benefit from the platform growth. Native DeFi for PulseChain, powered by $phiat. Phiat aims to accrue value to the PulseChain ecosystem by providing a trustless place to borrow all your favorite "RH" coins, and those related. No middle men, no asking, no 3rd parties, just you and the Phiat platform borrowing from users and lending to anyone in the world. The unique feature of Phiat, by far, is the revenue sharing tokenomic! What is revenue sharing you may ask? Simple! 50% (if all tokens are staked) of the fees generated from borrowers will be paid to stakers of Phiat. This means that as more users interact with the platform and generate more fees the Phiat stakers will earn all sorts of different currencies, a basket of sorts. With this being said there is no need to inflate the Phiat token to pay stakers, therefore yield comes from that of users borrowing and lending, meaning Phiat is a fixed supply of 55,555,000 coins!

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