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.
All fees are collected as profit and are distributed among PEM holders who have staked in our protocol!
- 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.