Introduction

Richie Finance is for PDAI holders who want to earn yield on their idle PDAI while bolstering its liquidity on Pulsechain.

The goal is straightforward: make PDAI more useful by giving it deeper liquidity across Pulsechain and more ways to earn yield. A PDAI liquidity layer helps people trade with lower slippage, increase robustness, and access yield opportunities on idle assets.

Deep liquidity means better trades

Liquidity is the capital available for trading. Deeper liquidity reduces price impact for trades and makes markets easier to use.

Richie's focus is growing a CASH/PDAI LP supported by liquidity incentives. The broader goal is to encourage PDAI liquidity participation through yield incentives and create room for additional utility as the ecosystem develops.

PDAI should be useful throughout the ecosystem and beyond it. In our protocol your PDAI always remains yours, you are free to create and remove LP and earn yield on it as you please.

Revenue as a foundation

Protocol token emissions attract attention and reward participation, but emissions alone do not create sustainable income. Richie aims to build a treasury that can pursue DeFi opportunities and generate revenue beyond expansion rewards on Pulsechain.

The PSM introduces a PLS funding source through reward claims. Part of that funding is used to support reserves and peg defense through PDAI redemptions; part helps to establish productive treasury positions that generate income. Successful positions generate income that can be reinvested or directed toward CASH redemptions.

This is what we mean by peg defense through offense: build revenue capacity while conditions allow, so the protocol has more resources to respond when market conditions change.

A fork with its own direction

Richie is being developed from the tried and trusted Tomb Finance and Snake Finance protocols exhibited on other EVM chains. Richie's focus however is on bolstering PDAI liquidity on PulseChain, active treasury development, and revenue-supported peg defense.

Warning

Protocol security & safety. Solidity contracts and DeFi are inherently experimental in nature. All protocols pose a potential code risk.

Richie Finance mitigates contract risk significantly by using only tried and true battle tested contracts that have safely held billions of dollars in TVL over years without exploit through many Tomb forks including the revised Tomb Finance deployed on Fantom network in 2021. In addition to this the contracts have been reviewed by several frontier model AI agents including those from top tier DeFi security researchers such as Pashov DeFi Audit Skill.