Penrose Review

Penrose, launched in 2022 by Sphere Finance and 0xLegion, is a user-friendly DeFi platform designed to boost yield, voting rights, and liquidity within the Polygon-based Dystopia ecosystem. Its model is inspired by Convex’s role with Curve, but with unique features specific to Dystopia. By locking DYST tokens into “penDYST,” users can enjoy enhanced rewards and gain a say in DYST emissions, allowing for greater control over their investments. Penrose operates without outside capital, building instead on community engagement and sustainable growth.

$58 978

N/A

Promo bonus

No bonus for now

Go to protocol

Penrose offers

USDC

USD+

12.99%

Status

Available

Flexible

$74 498

Polygon

Coin

Action

USDC

USD+

12.99%

Flexible

$74 498

Polygon

Crypto earn alerts on Penrose

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Penrose, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Penrose.

Earning crypto on Penrose

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Penrose. Check the table above for all the details.

Current TVL of the Penrose protocol

The Penrose protocol's Total Value Locked (TVL) is currently $58 978. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Penrose is holding.

Penrose protocol type

Penrose is a yield-focused DeFi tool that makes it easier for users to grow their crypto assets. By using automated strategies, Penrose manages liquidity pools and adjusts assets based on current market trends. This means users can enjoy passive income with little effort, benefiting from a steady and reliable approach to returns in the DeFi space.

Protocols similar to Penrose

Check out other crypto protocols in the same category

Yield

Yield

Yield

Yield