pNetwork is a solution enabling cross-chain interactions between dApps on multiple networks. It provides a way for moving assets from one blockchain to another, for example, Bitcoin on Ethereum, but also many others. This is done via pTokens - 1:1 pegged representations of underlying assets on another blockchain.
pTokens are a tool enabling cross-chain composability. It is an essential component enabling Decentralized Financial (DeFi) DApps to be compatible with any crypto asset. The pTokens technology was designed to overcome the inherent “walled garden” limitation of blockchain protocols. The world of open finance grows larger and more sophisticated by the day. Yet this decentralized economy still suffers from a major drawback - a lack of cross-chain interoperability. In an ideal DeFi system, cryptocurrencies will move freely and seamlessly between exchanges, DApps, and wallets. pTokens aim to solve the liquidity and interoperability riddle - a technology to connect any token with any blockchain.
PNT is the governance token of the pNetwork. By staking PNT in the DAO, token holders can take an active stance in shaping the future direction of the protocols as they are entitled to cast a vote on the latest governance proposals.
Not only a governance tool, but PNT staking is also currently paying out a healthy APY to incentivize active participation.
