Verso (VSO) will be the first project featured on Penguin Finance’s Club Penguin dApp
We’re excited to announce that Verso Finance — a decentralized marketplace for financial products and DeFi mass adoption via regulated e-wallets — will be the first project to offer tokens to the Penguin Finance community through the upcoming Club Penguin dApp. By creating an Iceberg in this platform, we’ll introduce an active & engaged user base to the $VSO token, required for product funding, validator rewards, voting, and more.
Verso is built for the regulated financial service industry and bridges the gap between traditional finance (CeFi) and DeFi by standardising how financial products get distributed and connected to consumers via regulated e-wallets and bank accounts. It enables existing regulated financial service providers, such as lenders or insurance providers, to distribute microfinance products at scale while at the same time providing DeFi products an on- ramp into the retail space. Banks, e-wallets and other participants can connect to Verso and dynamically retrieve financial products personalised to their users, all without complex integrations and counterparty risks.
How it works
The Club Penguin dApp is designed to give xPEFI utility beyond the lucrative APYs and launchpad allocation that it already offers. By staking xPEFI, Penguins will earn free tokens from valuable projects inside of the Avalanche ecosystem.
It will function as a single-asset xPEFI staking protocol; think of it as “stake-ception”. Users stake xPEFI inside of the VSO Iceberg to receive VSO rewards. The Iceberg will be live for 1–2 weeks in the Club Penguin dApp to ensure yields are attractive. We’ll also display information about Verso Finance so that users can get involved with the project.
About Penguin Finance
Penguin Finance is a platform powered by Avalanche building an innovative set of decentralized applications, financial products, and documentation for both technologically savvy individuals and those with absolutely no knowledge of cryptocurrency.
We’re bridging the gap between DeFi and mass adoption by offering ultra-low fees, an intuitive UX design, and the best documentation/tutorials. PeFi is made for penguins, by penguins.
About Verso Finance
Verso is built for the regulated financial service industry and bridges the gap between traditional finance (CeFi) and DeFi by standardising how financial products get distributed and connected to consumers via regulated e-wallets and bank accounts.