Phiat.io | Decentralized Multi-Chain DeFi Borrowing and Lending
Article written to recognize Phiat.io as a supporter of HexConference.com
The PH Ecosystem: A Decentralized Revolution on PulseChain
The PH ecosystem, created by a group of dedicated Hexicans, brings proven Ethereum-based DeFi solutions to PulseChain. This decentralized framework eliminates traditional financial intermediaries by leveraging battle-tested code, ensuring uninterrupted operations. By removing middlemen, users can become co-owners of the system, earning a share of the revenue generated by its various dApps.
This article explores the PH ecosystem’s key components, offering an easy-to-understand breakdown of its protocols and their utility.
1. Phiat: A Crypto Alternative to Banking
Phiat.io operates as a peer-to-peer lending protocol, akin to a decentralized bank. Built for the Richard Heart ecosystem, it runs seamlessly on both Ethereum and PulseChain. Similar to traditional secured credit lines, users can deposit cryptocurrencies as collateral to earn interest or borrow against their holdings.
How it Works:
After depositing crypto, users can borrow funds, which must remain over-collateralized to avoid liquidation. Interest accrues on loans until repaid.
Revenue Distribution:
- 50% of borrower interest goes to lenders.
- 50% goes to stakers of the Phiat token, the platform’s governance and utility token.
Staking:
Phiat staking has no lock-up period, but un-staking involves a 14-day cooldown and a 7-day withdrawal window. Rewards from un-staked tokens are allocated to the protocol treasury.
2. Phame: Leverage Trading Simplified
Phame.io is a decentralized perpetual exchange enabling up to 30x leverage on trades. A fork of GMX, Phame is tailored for both bull and bear markets, attracting traders with features like stop-loss and take-profit triggers.
Revenue Distribution:
- 40% of trading fees go to Phame stakers.
- 60% goes to holders of the platform’s liquidity pool token, PHLP.
Liquidity Provision:
By depositing assets into the platform, users receive PHLP tokens, which earn fees but come with the risk of impermanent loss.
3. PHUX: Efficient Token Swapping and Liquidity
PHUX.io serves as a programmable liquidity protocol, enabling fast token swaps with minimal slippage. As a fork of Balancer, it supports both traditional and customizable weighted pools.
Revenue Distribution:
- 60% of trading fees go to liquidity providers.
- 40% goes to holders of the governance token, PHUX.
Governance:
To become a PHUX Governor, users provide liquidity to the PHUX-wrapped PLS pair, earning non-tradable PHUX tokens that grant voting power and boost rewards for specific farms.
4. 2PHUX: Enhanced Governance and Voting Power
The 2PHUX.io protocol introduces tokenized PHUX voting power, enabling users to maximize governance influence. Built atop PHHX, it allows participants to stake tokens and earn tradable PHUX tokens while accessing bribe markets for additional rewards.
5. Phatty Wallet: A Portfolio Management Solution
Managing assets across multiple protocols and wallets is simplified with the Phatty.io Wallet. This aggregator provides a comprehensive overview of stakes, liquidity positions, and portfolio insights, along with features like whale monitoring and market updates.
Optimizing DeFi on PulseChain
The PH ecosystem represents an optimized suite of DeFi solutions designed for the PulseChain and HEX ecosystems. Its protocols — Phiat, Phame, PHUX, and supporting tools — offer users an array of opportunities to earn, trade, and govern, all while maintaining decentralization.
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Credit to: https://twitter.com/CrptoHexplained
Animated version of this article (created by CryptoHexplained):
Important Links:
Follow Phiat educator on 𝕏: https://x.com/bb_trippin
Visit the official website: https://phame.io
Telegram: https://t.me/PhiatCrypto
Checkout the talk Phiat.io gives at the 5th annual HexConference.com
Schedule:
Mati Allin LLC 2021-2024 All Rights Reserved. This is not financial or therapy advice.
