This article was first published on Stories by NULS on Medium
Today, we are very pleased to share a new partnership with Peet DeFi, a decentralized financial platform which seeks to offer real-world asset collateralization and high return yield farming to its users.
What is Peet DeFi?
Peet DeFi is a platform of dapps (PeetPay, Chain Bridge, PoolStake, and more) that enables earning on any blockchain from any other blockchain with PTE, its native token. PTE is chain agnostic and can move from one blockchain to another across Chain Bridge.
When added to staking pools, PTE can farm ETH, Neo, Waves, BNB, USDT, and other crypto assets.
What will Peet DeFi achieve with the NULS/Nerve partnership?
Peet enables real-world assets, such as USD, stocks, home equity, etc. to be represented on chain. These assets can be used as collateral and will be available to our DeFi apps.
Peet will combine its offerings with the numerous advantages of the Nerve Network’s DeFi infrastructure. The Nerve Network will give PTE fast, inexpensive transactions. Nerve’s heterogeneous cross-chain capabilities will allow Peet to interact with structurally different blockchains like Bitcoin. Building on top of Nerve will facilitate the interaction of PTE-NULS-BTC and many other crypto assets.
“Peet DeFi is very excited to join NULS POCM along with Nerve Network. This unique collaborative relationship opens up a world of new opportunities for us and greatly accelerates the competency of both projects.” — Peet DeFi
The Peet platform integrates blockchain technology with traditional off chain assets through the use of decentralized protocols. This ‘Chainlink’ allows for the value of USD, stocks, home equity, or any share of ownership to be represented on chain and used as collateral to earn a high rate of return.
NULS is a blockchain infrastructure for customized services, with a global open source community. NULS combines microservices, a module warehouse, smart contracts, and cross-chain technologies with its parallel multi-chain.
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Stories by NULS on Medium