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Tuesday

29 September 2020

Kind of a big dill: Pickle.Finance TVL exceed $347M in 4 days

Kind of a big dill: Pickle.Finance TVL exceed $347M in 4 days


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11 a new project called Pickle Finance emerged from a pantry stuffed with food-themed DeFi tokens.

Like other governance tokens, Pickle token can currently be used to vote on community proposals through a unique quadratic voting mechanism that reduces the control that whales have over most decentralized governance systems

This is a reality and challenge that Pickle Finance may have to contend with as it’s high APY pools are set to ‘mature’ in the coming days. 

It’s possible that the addition of rewards through pJars will have a positive impact on the token price and similar models have proven effective with projects like Aave and Yield.Finance. 

Furthermore, the rewards come from the fees applied to pJars, 1.5% of which will be used to buy Pickle tokens and to burn them

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