Poison Finance POI$ONPrice $ 0.0116

Poison Finance is a Decentralized Multichain Synthetic Assets (Potions) issuance protocol built on Ethereum, Arbitrum and Binance Smart Chain and soon much more. Synthetic Potions (pTokens) are collateralized by stablecoins like BUSD, USDt, USDc, DAI, MIM, tUSD, FRAX, or ibTokens like cDAI, cUSDC, cUSDT, aDAI which when locked in the Vault Contract enable the issuance of Potions. Synthetic Potions mimic the price behavior of real-world assets like stocks, commodities, etfs and give traders anywhere in the world open access to price exposure without the implications of owning or trading real assets.

Poison Token (POI$ON) is minted by the protocol and distributed as an award to support conduct that secures the ecosystem. Poison Protocol ensures liquid Potion markets by rewarding POI$ON to users who stake LPs obtained through providing liquidity. Moreover POI$ON is valuable as it is can be staked to receive voting privileges and to earn a share of the protocol's Vault withdrawal fees.