A coalition of the leading protocols on Polygon
Penrose is to Dystopia what Convex is to Curve - with a twist.
Some of our data metrics. Please check our dashboard for realtime updates.
Supercharged yields on your own liquidity
Leverage the optimization of Penrose and earn increased DYST and Liquidity mining rewards with minimal effort!
Stake PEN to grow your share of the platform's earnings
Earn Dystopia's protocol fees, lesser locking duration (4 years > 16 weeks) as well as optimized bribes!
Have a voice in how Penrose expands
Control voting power, decide on DYST emissions, earn protocol fees and expand alongside Dystopia & Penrose.
Any questions towards our protocol?
Penrose is a protocol for optimizing yield, voting rights and liquidity provision on Dystopia. Dystopia is a decentralized exchange (AMM) where tokens can be exchanged with user-provided liquidity. These users earn DYST emissions. Those who lock DYST will receive veDYST and a higher percentage of DYST rewards. veDYST or vote escrowed DYST is a concept first introduced by Curve Finance that aims to reward long-term users of a protocol. Those holding veDYST will receive trading rewards from the protocol as well as voting rights to direct DYST issuance.
When users deposit their veNFT or DYST, they automatically receive a proportional amount of penDYST (penDYST is minted 1:1 for deposited DYST). penDYST is a tokenized, fungible representation of 1 locked Penrose DYST. Due to the way Dystopia's rebase mechanism works, this position is never diluted as Penrose automatically converts rebased DYST to penDYST and passes this on to penDYST stakers.
The team behind Penrose is a coalition of multiple different teams (mainly the team of Sphere Finance and 0xLegion). Together, we are forging the next-generation of DeFi.
No. Penrose has been built without any external capital investments.
Penrose was built with safety and security in mind. However, there are inherent risks in interacting with smart contracts for decentralized finance. Multiple teams have thoroughly reviewed Penrose's smart contracts to identify potential vulnerabilities in the platform before launch.
Even so, the possibility of losing some or all of your money is not zero. Please use caution and work within your own risk limits when it comes to interacting with the platform.
Besides Penrose specific risks, users are also committed to all risks affecting the Penrose platform as we integrate directly with them. Please also read their documentation and risk statements before connecting to any of the platforms.