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 ICHI. 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 here.

How does it work?

onePERL is powered by ICHI's Decentralized Monetary Authority (DMA). Check out the documentation on ICHI's documentation page.

Guide to Mint and Redeem onePERL

MintingRedemption