PenguinFinance 2nd Anniversary: Annual Review

As we mark the second anniversary of Penguin Finance, we reflect upon the incredible journey that has led us to where we are today.

Launched on November 25th, 2021, Penguin Finance emerged as a groundbreaking Liquidity-as-a-Service platform on the Solana blockchain. Over these two years, we have grown, evolved, and achieved remarkable milestones that have reshaped the DeFi landscape.

What we accomplished in the two years:

Total Trading Volume: 14M+
Total Bonded Value: 502K+
Total Created Distributors: 389K+

A Comprehensive Platform for Solana Protocols

From the very beginning, Penguin Finance set out to provide a comprehensive suite of DeFi services to Solana enthusiasts. Our platform not only offers the simplicity of token swapping but goes beyond to offer staking services and an optimized Olympus-style bonding service. This unique combination has allowed us to cater to the diverse needs of our community, making us a one-stop solution for all things DeFi on Solana.

One of our standout features is the Cumulative Merkle Distributor, which simplifies the distribution process to thousands of addresses effortlessly. This innovation has made it easier for projects to reward their communities efficiently, fostering greater engagement and participation.

Democratizing Access to DeFi

From the outset, our mission has been clear: to make DeFi accessible to everyone. To achieve this, we have made all our services free of charge during our initial stages. This strategic move was designed to encourage more Solana protocols to onboard and harness the benefits of Protocol-owned liquidity in a cost-effective manner. By eliminating barriers, we aimed to create an ecosystem where innovation could flourish without limitations.

A Glance at Our Achievements

Two years of dedication and hard work have borne fruit in the form of significant achievements. We’re proud to share some of our key milestones:

• Total Trading Volume: Our platform has facilitated a whopping $14 million in trading volume. This not only reflects the trust our community has placed in us but also highlights the vibrant activity within our ecosystem.
• Total Bonded Value: With over $502,000 in total bonded value, we’ve demonstrated the power of Protocol-owned liquidity, allowing projects to secure their liquidity efficiently.
• Total Created Distributors: Our Cumulative Merkle Distributor has been used to create more than 389,000 unique distributors, revolutionizing the way rewards are distributed in the DeFi space.

Looking Ahead

As we celebrate our second anniversary, we are excited about what the future holds. Penguin Finance remains committed to pushing the boundaries of DeFi innovation on Solana. We will continue to expand our offerings, improve our services, and foster a vibrant and inclusive community.

Our journey over the past two years has been nothing short of extraordinary, and it’s all thanks to the unwavering support of our community, the dedication of our team, and the vibrant Solana ecosystem. Here’s to many more years of innovation, growth, and success. Thank you for being part of our incredible journey!

We’re not going anywhere!

TO THE NEPTUNE♆