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Phezzan Protocol

Phezzan Protocol

Phezzan Protocol, a cross chain interest earning derivative DEX

OverviewStructured DataIssuesContributors

Contents

testnet.phezzan.xyz
phezzan.xyz
Is a
Organization
Organization
Cryptocurrency
Cryptocurrency
Company
Company

Company attributes

Industry
Decentralized Finance
Decentralized Finance
Blockchain and cryptocurrency
Blockchain and cryptocurrency
‌
DEX (protocol)
Blockchain
Blockchain
B2X
B2C
B2C
Founded Date
2021
Competitors
MES Protocol
MES Protocol

Other attributes

Company Operating Status
Active
Strategic Partnerships
zkSync
zkSync
Medium URL
medium.com/@phezzan

What is Phezzan Protocol

Let’s start with “Phezzan”, which comes from the science fiction series “Legend of the Galactic Heroes”. The Dominion of Phezzan was an autonomous region within the Galactic Empire, a planet-state within the Phezzan Corridor, which was able to serve as a neutral party between the Empire and Free Planets Alliance, and had become a trading center. When we were thinking about names for our project, an autonomous and neutral trading center feels exactly like what we are trying to build.

Phezzan Protocol is a DEX on Terra for trading perpetual contracts while earning interests. It works in 3 simple steps:

1)You, the future customers of Phezzan, put staked or saving assets like aUST as collateral for perpetual contracts trading;

2)You trade as usual, and when you close your positions, the protocol will return your collateral back;

3)You are earning interest generated by your collateral during the trade.

With the current 19.49% APY interesst rate on Anchor, you can trade and earn interests at the same time. In V2 of Phezzan Protocol, you will be able to put all kinds of assets into Phezzan and Phezzan will earn interest for you. Furthermore, when Prism Protocol launches, Phezzan Protocol can use Prism Protocol to divide aUST into principal and yield token, and only use principal token for collateral, thus the interest will always be earned by you even when your losing position is liquidated.

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Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

AC, decentralization, and Weekly update 8 - CryptoStars

Phezzan Protocol

https://medium.com/cryptostars/ac-decentralization-and-weekly-update-8-1553c4c098f5?source=user_profile---------6----------------------------

Web

March 14, 2022

Catherine's personal experience on the adoption of DEX

Phezzan Protocol

https://medium.com/coinmonks/catherines-personal-experience-on-the-adoption-of-dex-3fc1ea4fb4da?source=user_profile---------5----------------------------

Web

March 28, 2022

Decentralization Won't Make Crypto Mainstream (and Weekly Updates)

Phezzan Protocol

https://medium.com/@phezzan/decentralization-wont-make-crypto-mainstream-and-weekly-updates-96dad2129788?source=user_profile---------12----------------------------

Web

January 17, 2022

Hi, this is Phezzan Protocol - Phezzan Protocol - Medium

Phezzan Protocol

https://medium.com/@phezzan/hi-this-is-phezzan-protocol-b205a28f41fb?source=user_profile---------13----------------------------

Web

January 11, 2022

Logo

https://discord.com/channels/928600658586783774/928615221680021564/966570000540368896

Web

References

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