Tag: Perlinx

PerlinX utilizes the Perlin token, also sometimes referred to as “PERL Coin”, to facilitate the creation of synthetic assets and crypto derivatives on the blockchain. Furthermore, thanks to UMA Protocol, Balancer Labs, and the Perlin Asset Liquidity Engine, Perlin also provides automated market maker (AMM) functionalities. The project is still in the very early stages of its development, with many features still to be rolled out and completed. That being said, the PerlinX GitHub repository suggests that a great deal of work has been going on behind the scenes in recent months. With a host of new exciting synthetic asset liquidity services in the works, PerlinX and “Perlin Network” are positioned to heavily disrupt the traditional derivatives market. But, what is PerlinX, and how does PERL Coin work?