Penrose Finance (PEN)

Penrose Finance (PEN) is a protocol designed to optimize yield, voting rights, and liquidity provision on Dystopia, a decentralized exchange (AMM) on the Polygon network. Users of Dystopia can exchange tokens with liquidity provided by other users and earn DYST emissions. By locking their DYST tokens, users can receive veDYST, which increases rewards and voting power. Penrose aims to enhance these benefits by offering supercharged yields, optimized bribes, and a shorter locking duration, allowing users to earn more and have a say in the expansion of Penrose and Dystopia.

Penrose is built by a coalition of multiple teams, primarily led by the teams behind Sphere Finance and 0xLegion. Together, they are advancing the next generation of DeFi solutions. Penrose has been developed without any external capital investments, ensuring a focus on safety and security. However, users should be aware that interacting with smart contracts in decentralized finance carries inherent risks. Penrose’s smart contracts have undergone thorough reviews to identify potential vulnerabilities, but caution is advised, and users should assess their risk limits when using the platform.

For users who deposit their veNFT or DYST tokens, Penrose automatically issues penDYST, a fungible token representing locked Penrose DYST. Dystopia’s rebase mechanism does not dilute this position, as rebased DYST is converted to penDYST and distributed to penDYST stakers. Alongside the optimized yields and voting rights, Penrose provides opportunities for users to grow their earnings and actively participate in expanding Penrose and Dystopia. For more information and documentation, visit the Penrose website.