Peak Finance (PEAK)

Peak Finance (ticker: PEAK) is a community-led platform designed to cater to investors, traders, yield farmers, and NFT enthusiasts on Metis Andromeda. It offers a comprehensive suite of protocols, including seigniorage, financial NFT wrapping, and actively managed treasuries. The ecosystem revolves around three tokens: $PEAK, which is a seigniorage reward token that is algo-pegged to the value of $METIS; $PRO, a share token that allows users to compete for a share of protocol revenue by staking it with a Wrapped NFT; and $POND, a governance token that can be obtained by burning $PEAK and can be redeemed at a premium when the peg exceeds 1.1 the value of $METIS. The platform also features an NFT marketplace, various treasuries, and a lottery system.

One of the key offerings of Peak Finance is NFT wrapping, which enhances the value propositions of NFTs by applying reverse-compatible functions. By staking NFTs and collateral in a time-locked contract, users can expose themselves to new growth strategies contingent on exposure to unwrap and secondary market royalty fees. NFT wrapping addresses the issue of NFT staking lacking fungible collateral value, deepening liquidity through programmed token retention. The collateral and buybacks in the $PEAK token are driven by secondary market royalties and unwrap fees.

Besides NFT wrapping, Peak Finance incorporates seigniorage and actively managed treasuries into its unified protocol. Through algorithmic regulation based on demand, it controls the supply of $PEAK, ensuring its longevity. The Poseidon and Peaking Duck NFT collections treasury seeks to profit from trading the market and redistributes revenues to $PRO and $PEAK holders. The team at Peak Finance acts as caretakers, executing the community’s development goals, with all assets accumulated in the Peak Finance DAO treasury used to fund liquidity mining events for Andromeda projects.