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Pickle Finance Stock

Pickle Finance

PICKLE

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Pickle Finance Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GatePICKLE/USDT0.140011,284.880cex15/22/2025, 10:45 AM
Gate.ioPICKLE/ETH0.550000cex14/8/2025, 6:32 AM
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Pickle Finance FAQ

### Overview of Pickle Finance (PICKLE) Eulerpool

Pickle Finance is a yield aggregator that optimizes liquidity pools (LPs) across multiple blockchain networks. It enables users to benefit from the power of compounding, thereby saving time and resources compared to manual farming. Pickle Finance's ecosystem comprises Jars and Farms. Jars are responsible for compounding returns from other protocols, resulting in the creation of a pToken. Farms allow users to earn additional Pickle rewards by staking a Jar's pToken. The governance of the Pickle Protocol is managed by DILL holders, who are users that stake PICKLE tokens. These stakeholders have the authority to create and vote on proposals for protocol modifications. Additionally, DILL holders are entitled to a 45% share of the protocol's revenues and can enhance their PICKLE rewards on their farms.

Who Founded Pickle Finance?

Pickle Finance was established by a team of four pseudonymous developers, with the primary figure being an individual known as "Larry the Cucumber," a nod to a character from the religious cartoon Veggie Tales. Early in the project's history, one of the developers, "Rick," departed, followed by the remaining two developers, "0xPenguin" and "BigBrainBriner," who exited in December 2020. Larry the Cucumber has disclosed a background in web development and Android mobile app development. His introduction to cryptocurrency occurred in 2015 when his colleague, BigBrainBriner, introduced him to Ethereum, leading him to experiment with creating projects based on Solidity. Larry recognized the potential of decentralized finance following the success of the Maker Protocol. Throughout various challenges, Larry has remained committed to the protocol, developing new strategies and expanding its influence. The core team now comprises numerous members dedicated to advancing Pickle Finance as a leading DeFi protocol. For more information about Pickle Finance, visit Eulerpool.

What is the Current Circulation of Pickle Finance (PICKLE) Coins?

Pickle Finance operates without a predetermined maximum token supply. New PICKLE tokens are minted with each Ethereum block according to a rapidly decreasing emissions schedule, currently set at 0.05 PICKLE per block. The project did not premine tokens, conduct an initial coin offering, nor has it claimed to receive venture capital investment. In December 2020, Pickle Finance announced plans to release its "Smart Treasury," which will automatically repurchase PICKLE using revenue generated from fees. This treasury will act as a liquidity provider, generate trading fees, and issue PICKLE for purposes such as grants.

What Measures Are in Place to Secure the Pickle Finance Network?

Pickle Finance operates using an ERC-20 token, indicating that PICKLE transactions are validated through the Ethereum blockchain. Ethereum employs a proof-of-work consensus mechanism, where miners compete to add new blocks to the blockchain, requiring a majority consensus from nodes within the network to validate and post records. The strategies employed by Pickle Finance were audited by the blockchain security company MixBites, while the entire protocol underwent an audit by Haechi Audit, which identified no major security issues. Nevertheless, in November 2020, Pickle Finance experienced a hack resulting in the theft of nearly 20 million DAI. Haechi Audit explained that the attack targeted a newly created smart contract, which had not been part of their audit.

Where can Pickle Finance (PICKLE) be Purchased?

PICKLE is predominantly traded on Uniswap (V2), but it is also available on platforms such as MXC.COM, Bilaxy, Hoo, among others. It can be exchanged with Ether (ETH), WETH (WETH), Aave (AAVE), and Tether (USDT). If you are interested in purchasing PICKLE or other cryptocurrencies like Bitcoin (BTC), Eulerpool offers a straightforward, step-by-step guide to educate you on cryptocurrencies and assist you in buying your first coins.

Investors interested in Pickle Finance are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.