PICKLE Pickle Finance
Source: PICKLEUSD Chart by TradingView
It is described that the project is to distribute $PICKLEs to liquidity providers of four stablecoin pools: DAI/ETH USDC/ETH USDT/ETH sUSD/ETH
It is claimed that more rewards are given to below-peg stablecoin pools and fewer rewards are given to above-peg stablecoin pools. This gets people to sell above-peg stablecoins and buy below-peg stablecoins. Pickle will also give rewards to an ETH-PICKLE pool. This takes care of the case where all stablecoins are above peg. There will likely be other pools as well.
How YFI competitor Pickle Finance was exploited for $20m in Ethereum stablecoins
Call it a hack or call it an exploit, yesterday an unknown attacker managed to drain $20 million from an Ethereum-based yield aggregator called Pickle Finance into their own address.
The reason why Ethereum’s Pickle Finance still holds over $100m in tokens
If you’ve been following decentralized finance at all over recent weeks, you likely know of the so-called “food coins.” It ostensibly began with Yam Finance, an Ethereum-based coin that introduced the idea of “fair farming” or “stakedrops” to DeFi, along with the concept of having cryptocurrencies branded by emojis of food items.
What is Pickle Finance? New Ethereum DeFi craze rallies 1,000% in one day
It appears that decentralized finance (DeFi) has not peaked despite a deluge of scammy projects and clear copy-cats of popular protocols.
Is DeFi Summer bound to repeat itself in 2021?
Last year we saw the DeFi space boom independently from Bitcoin. The DeFi summer of 2020, as it became known, acted as a prelude to this year's bull market.
All images, branding and wording is copyright of Pickle Finance. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.