The Work Index by Flexa

Pichi Finance

Pichi Finance is the first trustless points trading protocol that enables users to trade points from pre-token projects before their token generation event (TGE).

https://pichi.finance/
4.3

/10

Transparency ranking

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Description

Pichi Finance is a revolutionary platform that allows users to buy and sell points from pre-token projects in a trustless manner. It utilizes ERC-6551 Accounts, wallets owned by NFTs, to enable seamless and secure trading of these points before their official token generation event (TGE). Users can create a Pichi Wallet by minting an NFT, deposit their point-earning tokens, and then sell their wallet by selling the NFT, effectively transferring ownership of the accrued points. This innovative approach eliminates the need for collateral and ensures a trustless transaction process.

By leveraging blockchain technology and smart contracts, Pichi provides a liquid marketplace for points, enabling users to earn points securely while gaining access to a readily available market to trade them. Pichi's solution addresses the limitations of traditional point storage and offers a user-friendly interface for both sellers and buyers. The company's commitment to innovation and its user-centric approach have earned it recognition as a Finalist at ETHDenver 2024 in the DeFi, NFT, and Gaming categories.

Mission

Pichi Finance is a trustless points trading protocol that enables users to buy and sell points from pre-token projects, such as EigenLayer and Liquid Restaking Tokens (LRTs), before their token generation event (TGE). Pichi utilizes ERC-6551 Accounts, which are wallets owned by NFTs, allowing for the transfer of ownership of the associated wallet and accrued points by simply selling the NFT. This trustless trading model provides users with a liquid market for points, enabling them to monetize their points farming efforts and gain exposure to promising projects early on.

Disruptor

Culture

Pichi Finance promotes a culture focused on innovation, community, and user-centricity. They emphasize the importance of early adoption and engagement, as evidenced by their airdrop program and points distribution system. Their commitment to transparency is highlighted through their open-source code and readily available contract addresses. This creates a space for users to collaborate and contribute to the ecosystem, fostering a sense of shared ownership and commitment to the project's success.

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