Penguin Finance is a DeFi protocol that was launched on April 1st, 2021. It was created to address the high technical requirements and exclusion caused by high gas fees. The team aims to provide a smooth DeFi experience to users through innovative decentralized applications, financial products, and documentation. Currently, Penguin Finance offers yield farming, staking, and the Emperor Penguin game, providing earning opportunities and utility to its native token, PEFI.

PEFI is the native utility token of the Penguin Finance ecosystem. It is used for liquidity mining in the Igloos (yield farming), staking in the Penguin Nests, fee collection from the Penguin auto-compounder and Penguin Emperor dApps, and future governance in the Penguin DAO.

Penguin Finance is native to the Avalanche Network, leveraging Avalanche's sub-second confirmation times, low fees, and decentralization to lower the barrier of entry for new and inexperienced users.

What Makes Penguin Finance Unique?

Penguin Finance is one of the largest DeFi protocols on the Avalanche Network. Its low gas fees, fast transaction speeds, and high levels of decentralization make it attractive to DeFi users tired of paying high fees for interacting with dApps. The project prioritizes security, with audited and rug-pull resistant contracts. The code is forked from popular protocols and has undergone audits. The first audit by CertiK was conducted on June 16, 2021. The user interface of PEFI is forked from the PancakeSwap protocol, and the farming and staking dApps are forked from SushiSwap and Goose Finance. Penguin Finance is also developing unique dApps, such as the Emperor Penguin, which was built from scratch by the team.