Planet Finance

What Is Planet?

Planet is a decentralized financial protocol comprising different planets, each serving as its own application, aimed at empowering individuals to freely activate their capital. The project facilitates access to open, decentralized financial services. The Planet community actively seeks out and either aggregates or creates the best DeFi opportunities, fostering a dynamic ecosystem.

Tokenomics

AQUA: Uniquely scarce cryptocurrency designed for value capture and governance. GAMMA: Utility token powering Planet Finance indefinitely.

Core Features

• Vaults: One-click deposit for instant yield earning on crypto.
• Pools: Providing liquidity to earn trade fees and GAMMA.
• Swap: Instant swapping of cryptos using trustless liquidity pools.
• Lending: Decentralized money market with discount levels.
• Fair Distribution, Tokenomics & Unique Aspects:

Planet operates as a yield-discovery protocol, empowering users to create value using their crypto assets. AQUA, with a maximum supply of 100,000, was fairly distributed over 200 days to vault stakers and liquidity providers, with no team token allocation. AQUA holders control the direction of Planet and own the Treasury. GAMMA incentivizes economic activity across the planets, with distribution tied to AQUA holdings.

The Planets

• Blue Planet: The best DeFi opportunities accessible through vaults and pools Blue Planet serves as a gateway to the decentralized finance landscape. By staking in vaults, participating in liquidity pools, and token swapping, users can reclaim financial independence from traditional systems.
• Green Planet: Grow your monetary energy by lending & borrowing Green Planet introduces an incentivized, non-custodial lending protocol, offering interest on deposits and borrowing assets. It distinguishes itself with discount levels on lending and borrowing, powered by the GAMMA utility token.
• Pink Planet: A unique marketplace giving artists the space to create, buy & sell digital assets Pink Planet provides artists with a platform to unleash their creativity and trade digital assets. Full details on Pink Planet are forthcoming.

Voting & Building The Future

Governance within Planet Finance is an active process, where the community shapes the project's long-term direction through proposals and voting. Key decisions include adding new features, adjusting fees, and enhancing user experience. Proposals must meet specific criteria for validity, ensuring democratic participation.

Team Background and Partners

Planet Finance was founded by an anonymous team hailing from four countries, all with extensive experience in blockchain since 2012. The concept of Planet Finance emerged in 2020 with the aim of amalgamating the finest aspects and opportunities within decentralized finance into a singular platform.

Planet is trusted by CoinMarketCap, CoinGecko, Halborn, Thena, Helio, Frax, Mexc Global, DeFiLlama, Stader, and DappRadar.

Project Development

Planet Finance is set to unveil its auto-compounding Pancake V3 Aggregated Pools in March, marking a significant advancement in decentralized finance. Initially intending to launch auto-rebalancing Concentrated Liquidity (CL) pools, the team reevaluated their strategy due to encountered challenges, such as unexpected yield loss and user control issues. The refined solution now offers auto-compounding Concentrated Liquidity Aggregated pools with predefined price range brackets, promising enhanced user experience and flexibility.

With this new approach, users gain the ability to easily manage their investments with a single click, withdrawing profits or reinvesting as desired. Notably, this innovation fills a gap in the market, as auto-compounding concentrated liquidity pools are currently lacking. The streamlined redeposit process and improved user control are anticipated to drive an increase in Total Value Locked (TVL) on Planet Finance.

Looking ahead, the success of this launch may pave the way for expanding services to encompass a variety of concentrated liquidity pools from other protocols within the BNB Smart Chain ecosystem. Moreover, the adaptability of the offering holds promise for seamless expansion to new blockchain networks, contingent upon initial reception and performance.

Planet Finance Price Analysis

As of December 25 2024 Planet Finance has a marketcap of $417K. This is {{percentagefromath}} from its all time high of $2.30282K. In terms of its tokenomics, there's a total supply of 97K with 93% currently outstanding. Keep in mind Planet Finance has a fully diluted value of $450K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude