pxUSD Synthetic USD Expiring 1 November 2020 (PXUSD-OCT2020)

The coin PXUSD Synthetic USD, Expiring 1 November 2020, with ticker PXUSD-OCT2020, is an asset on the PerlinX platform. PerlinX aims to democratize the trading of real-world assets by utilizing decentralized liquidity pools and synthetic asset generation. Holders of PERL, the platform’s native asset, can supply liquidity to PerlinX’s liquidity pools and earn rewards. Additionally, PERL can be used as collateral to create synthetic assets on the platform.

PerlinX implements the mechanisms required to generate synthetic assets using their interface. This functionality is scheduled to be launched shortly and is a top priority for the team. The roadmap for the rest of 2020 includes narrowing the gap between global legacy markets and decentralized finance (DeFi), expanding support for commodities and digital assets, and exploring more complex assets and financial products pending regulatory approval.

The PerlinX ecosystem thrives on community feedback and engagement. Users are encouraged to join the PerlinX Discord community to discuss future incentive programs and contribute to shaping the platform’s future. PerlinX is ranked among the top five derivatives platforms and the top 32 overall in decentralized liquidity pools and synthetic asset generation.