💰Tokenomics
PembRock Token
Token name: PembRock Finance Token Token ticker: PEM Total supply: 160 000 000 PEM Blockchain: NEAR Protocol Contract address: token.pembrock.near
PEM is the native token that helps PembRock Finance to function. It is used:
To stake within the PembRock Finance ecosystem — with rewards paid out in PEM.
As a part of our reward mechanism for interacting with our protocol.
As an additional bonus for those who provide funds to our liquidity pools.
For DAO participation — users can stake PEM to receive vePEM, our governance token.
All fees are collected as profit and are distributed among PEM holders who have staked in our protocol!
How our protocol collects fees
Farmers are charged 10% of their yield farming rewards.
Lenders are charged 10% of their borrowing profit.
Every time a position is liquidated, 5% of the position’s value is paid as a fee.
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