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Poison Finance news
About Poison Finance
Poison Protocol is a Decentralized Multichain Synthetic Assets (Potions) issuance protocol built on Ethereum, Arbitrum and Binance Smart Chain and soon much more. Synthetic Potions (pTokens) are collateralized by stablecoins like BUSD, USDt, USDc, DAI, MIM, tUSD, FRAX, or ibTokens like cDAI, cUSDC, cUSDT, aDAI which when locked in the Vault Contract enable the issuance of Potions. Synthetic Potions mimic the price behavior of real-world assets like stocks, commodities, etfs and give traders anywhere in the world open access to price exposure without the implications of owning or trading real assets.
The minting of Potions is decentralized and is handled by users of the protocol. Poison.Finance ensures that there is always sufficient collateral within the protocol to cover Potions.
The Poison Token (POI$ON) is minted by the protocol and distributed as an award to support conduct that secures the ecosystem. Poison Protocol ensures liquid Potion markets by rewarding POI$ON to users who stake LPs obtained through providing liquidity. Moreover POI$ON is valuable as it is can be staked to receive voting privileges and to earn a share of the protocol's Vault withdrawal fees..
The live Poison Finance price today is $0.088578 USD with a 24-hour trading volume of $3,618.57 USD. We update our POI$ON to USD price in real-time. Poison Finance is up 4.79% in the last 24 hours. The current CoinMarketCap ranking is #5700, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Poison Finance at the current rate, the top cryptocurrency exchanges for trading in Poison Finance stock are currently Uniswap v3 (Arbitrum), and Chronos Exchange. You can find others listed on our crypto exchanges page.