## What Is Pickle Finance (PICKLE)?

Pickle Finance is a yield aggregator that compounds LPs across various chains. Users realise the power of compounding, while saving time and money compared to manual farming. Pickle Finance has Jars, and Farms. Jars compound returns from other protocols, creating a pToken. Farms provide extra Pickle rewards for staking a jars pToken.
 
The Pickle Protocol is governed by DILL holders (users that stake PICKLE) who are able to create and vote on proposals for changes to the protocol. DILL holders also get to share in 45% of protocol revenues, as well as boost the PICKLE rewards on their farms.

### Who Are the Founders of Pickle Finance?

Pickle Finance was founded by four pseudonymous developers who are primarily represented by an individual known as "Larry the Cucumber" — a reference to a character from the religious cartoon Veggie Tales. One of the other developers, "Rick," left the project early on, while the other two developers, "0xPenguin" and "BigBrainBriner," [stepped away](https://twitter.com/picklefinance/status/1337866272143364097) left in December 2020.

Larry the Cucumber has [said](https://www.youtube.com/watch?v=ktl9sLYNiJc) that he has previous experience in web development and Android mobile app development. His first exposure to crypto was in 2015 when his friend BigBrainBriner introduced him to Ethereum, and he later started to experiment with developing Solidity-based projects. He first realized the potential of decentralized finance with the success of the Maker Protocol.

Through thick and thin Larry has stayed with the protocol developing new strategies and expanding the protocols reach. The core team now consists of many members dedicated to furthering Pickle Finance as a leading DeFi prtocol. 

#### Related Pages:

Learn about [yearn.finance](https://coinmarketcap.com/currencies/yearn-finance/), another yield farming protocol, with which Pickle Finance has agreed to integrate.

Learn about [Ethereum Yield](https://coinmarketcap.com/currencies/ethereum-yield/), a yield farming protocol with a price-pumping strategy.

Want to learn more about yield farming? Read an [in-depth guide](https://coinmarketcap.com/alexandria/article/what-is-yield-farming) on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on the latest developments in the DeFi sector with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Pickle Finance (PICKLE) Coins Are There in Circulation?

Pickle Finance does not have a maximum token supply. New PICKLE is minted with each Ethereum block in a rapidly [decreasing](https://snapshot.page/#/pickle/proposal/QmcEsb4oUBtYbPRk6hTFNzhBRFFs6M7FtRVgRfRAWFzXAn) pattern, with 0.05 PICKLE per block the current emissions schedule.

The project neither premined tokens nor held an [initial coin offering](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico), and it has said that it did not receive venture capital investment.

In December 2020, Pickle Finance [announced](https://picklefinance.medium.com/into-the-brine-vol-4-yearn-collab-and-smart-treasury-65a30a1a2380) that it would soon release its "Smart Treasury" that will automatically buy back PICKLE with revenue from fees, act as a liquidity provider and generate trading fees, and issue PICKLE to be used for things such as grants.


### How Is the Pickle Finance Network Secured?

Pickle Finance uses an ERC-20 token, which means that PICKLE transactions are validated by the Ethereum blockchain. Ethereum uses a [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) [consensus](https://coinmarketcap.com/alexandria/glossary/consensus) algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

Pickle Finance's strategies were [audited](https://twitter.com/picklefinance/status/1324242273245122565) by blockchain security firm MixBites, and the complete protocol was [audited](https://twitter.com/picklefinance/status/1328747488023441408) by Haechi Audit, which found no major security vulnerabilities. However, in November 2020, Pickle Finance was [hacked](https://picklefinance.medium.com/pickle-was-hacked-and-there-has-been-a-loss-of-funds-414b99969c29), and nearly 20 million DAI was stolen. Haechi Audit [clarified](https://twitter.com/haechi_audit/status/1330347468802973698) that the attack was carried out against a newly created [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract), not one that had been audited by the firm.


### Where Can You Buy Pickle Finance (PICKLE)?

PICKLE is primarily exchanged on [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), although it is also listed on [MXC.COM](https://coinmarketcap.com/exchanges/mxc/), [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/), [Hoo](https://coinmarketcap.com/exchanges/hoo/) and others. It can be traded against [Ether](https://coinmarketcap.com/currencies/ethereum) (ETH), [WETH](https://coinmarketcap.com/currencies/weth/) (WETH), [Aave](https://coinmarketcap.com/currencies/aave/) (AAVE) and [Tether](https://coinmarketcap.com/currencies/tether) (USDT).

Are you interested in buying PICKLE or other [cryptocurrencies](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) such as [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC)? CoinMarketCap has a simple, [step-by-step guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to teach you all about crypto and how to buy your first coins.


Pickle Finance

Trust Wallet

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Ethereum

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Chainlink

UNUS SED LEO

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saffron.finance

Keep3rV1 is a decentralized platform designed to facilitate the coordination between projects that need to source outside development operations and those who can provide those required services. Essentially, the project serves as a job board that facilitates the interaction between job posters, such as decentralized finance protocols, and job executors, known as Keepers. The tasks performed by Keepers range from submitting and calling transactions on-chain to completing complex operations off-chain. Keep3rV1 uses an ERC-20 token, KP3R, for governance and to provide rewards to Keepers.

The project was first announced on Oct. 22, 2020. It launched on the Ethereum mainnet in beta mode on Oct. 28, 2020.

Keep3rV1

Opium is a new platform for launching and trading cryptocurrency derivatives.

Having begun operations in May 2020, Opium uses Ethereum to run a decentralized derivatives marketplace in which any cryptocurrency owner can participate.

The aim of the platform is to democratize access to financial derivatives while using the benefits that decentralization affords traders over legacy alternatives.

Opium’s in-house token, OPIUM, launched in January 2021 and will fulfil various roles mostly centered around platform governance. Active users will be able to vote on some of the most important decisions involved in the platform’s operations.

Opium

C.R.E.A.M Finance is a decentralized  DeFi lending protocol for individuals, institutions and protocols to access financial services. Part of the yearn.finance ecosystem, C.R.E.A.M. Finance is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon and Fantom.

Users who are passively holding Ether or wBTC can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account. For more information visit https://app.cream.finance/.

The C.R.E.A.M. Finance protocol was created as a Compound Finance fork.

C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers yield farming rewards to its users in order to inclusively develop its network.

The project (which stands for Crypto Runs Everything Around Me) was launched unexpectedly on the Ethereum network on Aug. 3, 2020 through the YOLO liquidity pool. In September 2020 it went live on the Binance Smart Chain (BSC).

The CREAM token allows users to lend, borrow, stake assets and help govern the network, allowing them to vote on assets to support or delist.

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Alchemix

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

Founded in 2018, SuperRare is the leading curated marketplace for onchain art with more than US$300M in total sales and US$180M earned by artists. As one of the earliest champions of perpetual artist royalties, SuperRare is working to improve discovery while decentralising the art market. Core to SuperRare is $RARE, a token offering utility as a currency on the marketplace, a staking based reputation system, and DAO governance rights.

SuperRare is governed by $RARE token holders through RareDAO and sits atop Rare Protocol, an ecosystem focused on unifying the currently fragmented NFT landscape to supercharge the industry’s ability to revolutionise the economics of human creativity through onchain innovation.

SuperRare

Convex Finance is a DeFi protocol that allows Curve liquidity providersto earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.

Convex Finance

Validity

xDai is a cryptocurrency that is pegged to the US dollar. The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions. STAKE is secured by proof-of-stake consensus. xDai was founded on Oct. 1, 2018.

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

STAKE

WaykiChain

QuickSwap [Old]

Established in July 2020, TrustSwap is a diverse Web3 ecosystem creating secure infrastructure for blockchain builders and communities. The TrustSwap Launchpad is a leading Launchpad and IDO service, achieving the #1 spot on Cryptorank in 2023 for All-time High Returns and Average Returns. TrustSwap has launched over 55 projects with a collective fundraising of over $70 million.

TrustSwap is also the parent company of The Crypto App and Team Finance, which offer a suite of multi-chain services including crypto portfolio tracking, token and liquidity locks, minting, staking, and vesting-as-a-service.

SWAP token is the key to accessing guaranteed allocations in top-tier IDOs via the TrustSwap Launchpad. Staking more SWAP tokens longer increases your SWAP Score and unlocks higher allocations as well as other perks for top stakers.

TrustSwap

EOSDT

Harvest Finance

pNetwork

WOM Protocol

Enzyme

Perpetual Protocol is a decentralized exchange (DEX) for futures on Ethereum and xDai. Traders can go long or short with up to 10X leverage on a growing number of assets like BTC, ETH, DOT, SNX, YFI and others. Trading is non-custodial, meaning traders always retain possession of their assets, and on-chain. Perpetual Protocol utilizes a virtual automated market maker (vAMM), which provides on-chain liquidity with predictable pricing set by constant product curves. Furthermore, Perpetual Protocol designed its vAMMs to be market-neutral and fully collateralized.

The declared vision of Perpetual Protocol is to create the world’s best, most accessible, and most secure decentralized derivatives trading platform. By building on our DeFi projects and allowing projects to build on Perpetual Protocol, the company embraces the “DeFi money lego” ethos. After hitting a number of milestones in its roadmap, such as launching staking pools and implementing limit and stop-orders, Perpetual Protocol plans to expand to other chains, introduce leveraged tokens, and launch dynamic liquidity in its pools.