What Is Planet Finance (AQUA)?

Planet Finance is a financial protocol consisting of different applications. It is designed to allow everyone to activate their capital and then put it to use. Planet Finance is a suite of DeFi apps in one place built on the Binance Smart chain. The protocol aims to offer the highest yields because of the automatic compounding of the interest and the rewards of using the platform via AQUA tokens.

Given below are the apps that Planet Finance seeks to provide:

1. Blue Planetis a stable coin aggregator in DeFi that consists of smart auto-compounding, resulting in high yield and low fees paid out every 3 seconds. Auto-compounding algorithms group transaction fees and funds to determine the highest possible returns based on the factors like ever-changing gas fees and yields while saving time and doing zero work.

2. Red Planet is a super-optimized yield aggregator in DeFi. Significant yields can be earned by simply holding the cryptocurrency for longer.

3. Uranusaggregates the best off-planet opportunities in DeFi and persistently hunts for the next 100x crypto.

4. Green Planet,powered by GAMMA, is a decentralized lending protocol that pays traders to lend and borrow.

5. Pink Planetgives a marketplace to the artist to create, buy, and sell digital assets.

6. Gamma is a utility token used to power Planet Finance for eternity. It aims to have expanding utility with the following list that is meant to grow as Planet Finance evolves.

• Stake GAMMA to Earn More GAMMA

• Incentivize Liquidity Providers

• Provides Incentive to Vaults & Liquidity Pools Across the Planets (Blue, Red, Uranus)

• Liquidity Incentives to Suppliers & Borrowers on Green Planet

• Supply & Borrow GAMMA on Green Planet

• Buy & Sell NFTs with GAMMA on Pink Planet

• Incentive for Planet Finance Index Vaults

Aqua isa scarce cryptocurrency that was developed to capture the value and govern the planets. Aqua acts as a governance token for all the planets. The Aqua token can be earned through the monetary energy placed in vaults and pools on Planet Finance.

History of Planet Finance (AQUA)

The maximum total supply of the AQUA token was 100,000 $AQUA before burning. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.