PERA FINANCE A Revolutionary Trading & Yield Farming Protocol

The Potential of DeFiDecentralized finance (DeFi) is a new space that allows cryptocurrencies to be used to provide financial services. It is expected to be a formidable competitor to the traditional finance world with its fast, secure, flexible and development-oriented infrastructure.

*Charts above illustrate market capitalization comparisons between financial services, crypto market and DeFi. They clearly show that DeFi is still in its infancy and there is considerable room for growth.

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The Total Value Locked (TVL) is the value of the assets held within a DeFi protocol. Since the summer 2020, the TVL in DeFi protocols has climbed by almost 30x times, reaching $60 billion USD.

Cryptopotato

86%

Trading volume of the decentralized exchanges, which is based on the principle of liquidity provision by the users (AMM DEXes), has grown to the levels that can compete with the transaction volume of centralized exchanges.

DeFi Liquidity & Volumes Are Growing Fast

3000%

Debank TheblockcryptoReferences:P2DEX volume increase in

February 2021

TVL increase in the last 8 months

What is Pera Finance?Pera Finance is a groundbreaking decentralized trading & yield farming protocol. It has been designed to satisfy the supply demand equilibrium throughout the protocol by rewarding PERA Liquidity Providers, PERA Holders, PERA Traders and PERA Stakers in a unique way.

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Pera Finance rewards users according to their contribution to the ecosystem by using different yield strategies. Users are rewarded for providing liquidity, volume, and stability.

The Pera Finance Yield Ecosystem

Transaction Fee RewardsEvery on-chain PERA transaction (transfer, trade, or liquidity addition/ removal) generates a 2 % transaction fee. All transaction fees are distributed to PERA Holders, Traders, and Liquidity Providers.

Daily emission is 70.000 PERA. All emission rewards are distributed to PERA Traders and Liquidity Providers.

Pera Trading Protocol will bring multi-asset yields to the protocol through ecosystem partnerships.

Pera Finance combines transaction fee-based and emission-based yield farming methods with a fully-decentralized trading competition, creating a versatile and sustainable DeFi platform.

The PERA Yield Farming Reward Mechanism

Daily Emission Rewards

Trading Partners

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PERA is the word’s first DeFi platform to offer an on-chain daily trading competition. It's set of unprecedented features are designed to increase PERA's daily volume and yield-farming rewards in the long-term:

The PERA Decentralized Trading Competition

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PERA smart contract has a unique sorting algorithm design. It enables a new type of trader-oriented yield farming protocol that rewards PERA traders for generating volume which is the first in the DeFi space. Pera Finance’s one of a kind filter-and-sort approach brings a high performance and low gas sorting solution that is independent of the size of the list.

Advantages of PERA Sorting Algorithm

Computational complexity refers to the amount of resources required to run the code. Existing sorting algorithms carry an inherent risk of unknown complexity that makes it impossible to integrate them into coding environments such as solidity, where the gas-efficiency is a crucial design parameter.

The performance of a sorting algorithm is directly dependent on the list size. Sorting on a list of unknown size that increases over time (for example: number of traders that interact with a smart contract on a given day) may lead to failure of the transactions due to the block gas limit in solidity.

PERA sorting algorithm has constant complexity even if the list size is unknown. Maximum gas fee per each PERA transaction is fixed and quite low considering the high capability of the PERA smart contract.

The performance of the PERA sorting algorithm is designed to be independent of the list size, making it highly scalable. In this way, the PERA sorting algorithm can sort a higher number of users out of a list of unknown size.

The amount of extra memory required by a sorting algorithm especially in the blockchain architecture is an important consideration where increased space complexity (measure of the amount of working storage an algorithm needs) may require extra temporary arrays or other solutions.

PERA sorting algorithm uses a unique filtering method on every transaction, making the size of the list predetermined and thus minimizes the memory requirements. With this approach, it is possible to sort bigger lists for many other use cases.P8

PERA token is the proof of concept of the Pera Finance’s Trading Protocol which will extend our unique approach and services to the whole DeFi space. PERA’s modular and scalable sorting solution opens a new era for the existing or new DeFi projects and DEXes for a more sustainable and robust ecosystem.

A New Era of Trading Protocols in DeFi

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PERA Smart Contract Functionality Diagram

PERA token smart contract is audited by leading blockchain cybersecurity company Halborn.P10

How Pera Finance solves the problems of DeFiIn the DeFi space, yield farming rewards are usually created to boost supply side liquidity via unsustainable emission or transaction fee-based reward mechanisms. Pera Finance offers a hybrid farming mechanism that rewards demand-side liquidity and allows yield farming (trade farming) for traders.

No Incentive for Traders

Farming rewards are generally shared among liquidity providers (LPs). There aren’t any platforms that create incentives for traders, who are those who create the rewards for LPs.

Unsustainable Farming

Uncontrolled emission rewards lower token values, while transaction fee rewards that do not promote volume creation make yield farming unsustainable.

Insufficient Income

DeFi protocols that create single-layer yields by using only their native tokens are not suitable to provide sustainable yield farming rewards.

Bad Tokenomics

Many DeFi projects have unclear token economics and financial models, hindering their viability.

PERA Trading Competition

All PERA traders can farm yields via trading for the first time regardless of price changes.

Hybrid Farming Rewards

Pera Finance offers both emission-based and Tx fee-based yield farming rewards, helping to create a sustainable reward structure.

Dual Farming

PERA stakers can earn PERA holder rewards in addition to multi-asset yields through ecosystem partnerships.

PERA Financial Model

Pera Finance has been created based on real market data and analytical financial models featuring multiple market scenarios.

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Pera Finance unites traders and liquidity providers, creating a DeFi ecosystem based on modern macroeconomics and game theory principles. The PERA token has been rigorously tested via analytical financial models in terms of yield generating capacity (APY) for PERA Liquidity Providers, PERA Holders, PERA Traders and PERA Stakers.

The PERA Financial Model

PERA brings liquidity providers and traders together around a yield-farming system based on a decentralized trading competition, creating rewards for both.

PERA rewards volume generation itself via the PERA daily trading competition, adding a new dimension to the trading experience independently of price.

Pera Finance uses emission rewards to generate liquidity and incentivise trading, in order to create transaction volume and increase the circulation velocity of PERA.

The PERA financial model has been created by using the market data of 11 different DeFi projects from launch day to December 2020.*

Various DeFi projects have been chosen for our financial model based on metrics like market cap, daily volume etc. in order to use a wide range of data sources.

The data on historical price action in different market conditions has been aggregated to estimate the potential returns of PERA across a range of scenarios.

*Chosen Projects For the Model: Uniswap, Sushiswap, Hegic, cVault.finance, Harvest Finance, BarnBridge, YFDAI.FINANCE, Polkastarter, Pickle Finance, pNetwork , Ampleforth. P12 For more info, please see Appendix, P23, 24, 25

The Performance - Significant returns, in all market conditionsThe PERA’s token mechanics offer competitive returns, independent of market conditions, in addition to significant competition rewards. PERA annual returns were found to be between 107% and 510%.

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Trading Competition - Significant rewards for PERA TradersThe PERA daily trading competition rewards were modelled to remain substantially higher that those of CEX trading competitions. Pera Finance aims to reward traders who are the major source of income for the whole ecosystem.

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Pera Finance & Binance Smart ChainPERA Finance offers a series of cutting-edge features that will greatly boost the volume, capabilities, and user experience of Binance Smart Chain (BSC):

PERA’s pioneering decentralized trading competition will boost BSC’s trading volume and user numbers. DEXes on BSC will be also the first to have an on-chain trading competition.

The PERA Trading Competition

PERA’s tests generated returns between 107% and 510%, independently of market conditions. This represents excellent performance for BSC users, to be added to substantial rewards for top traders.

Excellent Returns

By combining emission and transaction fee rewards, PERA stimulates liquidity, trading activity, and circulation velocity in the ecosystem. Rewards increases as volumes increases, creating a positive feedback loop.

Unique Yield Farming Rewards

The unique design of PERA staking rewards allows users to farm both PERA transaction fee rewards and multi-asset yields through ecosystem partnerships- an added degree of flexibility for BSC users.

The PERA financial model has been created using real market data from 11 different DeFi projects and tested under different market conditions – for the long-term sustainability of our yield-farming system.

Tested, Reliable, Sustainable

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Multi-asset Farming

The funds raised in pre-sale will be used to expand our team and develop the synthetic assets/derivatives platform, in order to provide new revenue models for Pera Finance. All revenue models for Pera Finance will be designed to distribute profits among PERA users.

PERA Token Economics & Fundraise

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PERA Token Economics & Fundraise

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Pera Finance aims to be the most advanced, user friendly, and innovative trading & yield farming protocol on the market.

Pera Finance Roadmap

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Pera Finance Team

LinkedIn LinkedIn

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FIND OUT MORE ABOUT PERA FINANCE

Website: pera.finance

Email: hello@pera.finance

APPENDIX

Pera is the world's first DeFi project to have an on-chain trading competition. Pera yield farming mechanism is designed around the trading competition using game theory principles to increase PERA's daily volume and yield farming rewards.

PERA Decentralized Daily Trading Competition

How are the Competition Rewards Created?0.5% of the transaction cuts received from PERA transactions are pooled for the trading competition rewards.

19.600 PERA is minted daily and added to the trading competition rewards.

Trader-Liquidity Provider Relationship

Deductions from the traders’ early reward claims are distributed to the liquidity providers. By doing so, selling pressure that the liquidity providers should absorb is balanced through the pressure makers’ (traders) deductions.

Trading Competition-Volume Relationship

It has been observed that trading competitions held at central exchanges significantly increase the daily volume and price of the projects that organize the competition.

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PERA Finance unites traders and liquidity providers, creating a DeFi ecosystem based on modern macroeconomics and game theory principles.

The PERA Financial Model

Cooperative Game Theory

& Market Equilibrium

Non-Cooperative

Game Theory

Velocity of Money

PERA brings liquidity providers and traders together around a yield-farming system based on a decentralized trading competition, creating rewards for both.

PERA Implementation

PERA rewards volume generation itself via the PERA daily trading competition, adding a new dimension to the trading experience independently of price.

PERA Implementation

Liquidity providers need active traders that use liquidity pools to generate market fees and yield farming rewards.

Traders need large liquidity pools in order to make slippage-free transactions.

Liquidity Providers Traders

TradersTrading is a zero-sum game. One person’s loss is another person’s gain. For this reason, every single trader aims to maximize their gains by following price action and optimizing their entry and exit points.

Quantity Theory of Money:If the velocity of money increases total economic output increases as well.

Macroeconomics Argument PERA ImplementationPera Finance uses emission rewards to generate liquidity and incentivise trading, in order to create transaction volume and increase the circulation velocity of PERA. As the PERA volume increases, the yield farming rewards increase at the same rate, creating a positive feedback loop.

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The PERA token has been rigorously tested via analytical financial models in terms of yield generating capacity (APY) for PERA Liquidity Providers, PERA Holders, PERA Traders and PERA Stakers. The PERA financial model has been developed in order to create a sustainable and competitive yield farming structure in the DeFi ecosystem.

The PERA Financial Model

Based on Real Market Data

Estimated Across Multiple

Market Conditions

Modelled on Multiple Data

Sources

The PERA financial model has been created by using the market data of 11 different DeFi projects from launch day to December 2020.

In the financial analysis, the rapid price movement of the crypto markets in January-February 2021 have been excluded in order to keep the consistency of the calculations since this sudden increase doesn’t represent the general market cycles realistically.

Various DeFi projects have been chosen for our financial model based on metrics like market cap, daily volume etc. in order to use a wide range of data sources.

Chosen Projects: Uniswap (UNI), Sushiswap (SUSHI), Hegic (HEGIC), cVault.finance (CORE), Harvest Finance (FARM), BarnBridge (BOND), YFDAI.FINANCE (YF-DAI), Polkastarter (POLS), Pickle Finance (PICKLE), pNetwork (PNT), Ampleforth (AMPL)

The data on historical price action in different market conditions has been aggregated to estimate the potential returns of PERA across a range of scenarios.

Market Conditions: Rising market (bull), falling market (bear), non-trending/ sideways market, and market that is correcting.

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PERA Token Financial Model ParametersFinancial model simulations are used to test the mechanical structure of PERA token with 5 different market models over 11 different projects. The input parameters of the model are the daily price changes and volume / market capitalization ratios of the projects that are taken as reference.

Daily price changes for 5 different market models, that is the first input parameter to the PERA Token model, are calculated as the average of individual price changes of the combined projects. Second input parameter, daily volume, is calculated based on the combined projects’ volume / market cap ratios. In order to ignore the volume anomalies in the first days of the projects and to remain more conservative in model tests, volume calculations were adjusted by time-weighted average of volume / market cap ratios.P25

How Can Pera Finance Contribute to Binance Smart Chain (BSC)

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Pera Finance is a unique DeFi platform that is not a fork of any other existing project on other major blockchains (Ethereum, Polkadot etc.).

Pera Finance is the first yield farming platform that is built around a decentralized trading competition. This feature will bring volume, liquidity and new users to the BSC.

DEXes on Binance Smart Chain will be the first to have an on-chain trading competition. PERA brings Binance’s popular trading competition concept to BSC.

Pera Finance’s unique volume generation & farming features will prove that it is possible to develop more innovative yield farming methods on BSC’s gas-efficient environment rather than Ethereum.

A Unique DeFi Project for BSC Decentralized Trading Competition Trading Competition on DEXes Innovative Farming on BSC

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Pera Finance is the first DeFi project that combines emission-based and Tx fee-based yield farming methods to support each other. PERA brings this new hybrid yield farming method to the BSC.

Hybrid Yield Farming on BSC

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In spite of Turkey’s large crypto presence, there are no domestic DeFi projects. A Pera Finance/Binance partnership will add new dimensions to this potentially enormous market.

Untapped Market Potential

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The unique design of PERA staking that generates holder rewards and multi-asset yields will be a first for BSC. PERA stakers will be able to earn other DeFi platform tokens through ecosystem partnerships.

Multi-Yield with PERA Staking

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