PembRock Finance

What Is PembRock Finance Token (PEM)? How Many PEM Tokens Are There in Circulation? Who Are the Founders of PembRock Finance?

PembRock Finance is the first leveraged yield farming protocol built on the NEAR blockchain. Users can provide liquidity, farm with leverage, stake, and take governance decisions to secure the future of the platform, all on a fast, secure, cheap, and user-friendly blockchain.

PEM is the native token with versatile functionality that helps PembRock Finance to operate. It is used: To stake within the PembRock Finance ecosystem — with rewards paid out in PEM. As a part of the reward mechanism for interacting with the PembRock protocol. As an additional bonus for those who provide funds to the liquidity pools. For DAO participation — users can stake PEM to receive xPEM, PembRock’s governance token.

PembRock Finance Token was deployed in March 2022. The Total Supply of PEM Tokens is fixed and 160 000 000 PEM, which are unlocked gradually over more than 10 years.

PembRock Finance is also founded by NEAR guild masters and has secured a $75,000 grant from the NEAR Foundation.

PembRock Finance is established by Igor Stadnyk, who also serves as CEO. His software development background and a proven track record of launching and leading blockchain projects since 2012 help in building PembRock as a strong financial tool with solid tech components. He has mining pool Minerall, blockchain outsources company INC4 and IoT blockchain-based ecosystem Ambrosus behind his back.

Furthermore, the team of PembRock Finance is fully transparent and presented on the platform’s web page. There are professionals with diverse backgrounds in blockchain projects and other different fields.