PembRock Finance is the first leveraged yield farming protocol built on the NEAR blockchain. Users can provide liquidity, farm with leverage, stake, and take governance decisions to secure the future of the platform, all on a fast, secure, cheap, and user-friendly blockchain.
PEM is the native token with versatile functionality that helps PembRock Finance to operate. It is used:
To stake within the PembRock Finance ecosystem — with rewards paid out in PEM.
As a part of the reward mechanism for interacting with the PembRock protocol.
As an additional bonus for those who provide funds to the liquidity pools.
For DAO participation — users can stake PEM to receive xPEM, PembRock’s governance token.