onePERL

A governance token for reliable payments, lucrative rewards and offsetting carbon emissions

What is onePERL?

onePERL is PERL.eco's governance token with stable value backed by USDC and PERL based on ICHIarrow-up-right. Each onePERL is minted with $1 worth of a mixture of USDC and PERL. It is also redeemable for $1 worth of USDC.

What is onePERL used for?

Due to its nature of stable value, onePERL is an ideal token for all sorts of applications on PERL.eco which includes:

  • Continual carbon offset by holding onePERL

  • Grants for carbon reduction projects

  • For use by projects onboarded by PERL.eco

  • For use as collateral under UMA for creation of synthetic assets

The full proposal for onePERL can be found herearrow-up-right.

How does it work?

onePERL is powered by ICHI's Decentralized Monetary Authority (DMA). Check out the documentation on ICHI's documentation pagearrow-up-right.

Guide to Mint and Redeem onePERL

Mintingchevron-rightRedemptionchevron-right

Last updated