What is Peapods Finance?

Peapods is a decentralized, permissionless, and trustless on-chain index investing and volatility farming protocol. Peapods permits the creation of fully customizable index tokens called “pods” which can be created with any ERC20 token and enables users to capitalize on the inexhaustible volatility of crypto markets, unlocking yield opportunities for any liquid asset.

Protocol Dynamics

Part of our Peapods investment thesis is predicated on their protocol design, so we think it’s important to give an in-depth explanation of the different protocol mechanisms prior to explaining the rest of the thesis.

PEAS Token

The protocol’s native token is PEAS. There is a total supply of 10 million tokens, all of which have been minted. The Peas team owns 12% of supply and is fully vested. Peapods had no venture investors or seed capital but compensated themselves via their portion of total token supply. The remaining tokens were allocated to liquidity.

PEAS does not offer any governance rights but staking a wrapped version of PEAS entitles holders to protocol revenue share.

Pods

Peapods enables users to create “pods” which are token wrappers for different combinations of ERC20 tokens. Pods are permissionless, allowing anyone to create their own pods.