💩FAQs

Is Pinnako a Decentralized Exchange (DEX)? Absolutely! As a frontrunner in the zksync era and mantle network, Pinnako stands as a non-custodial, frictionless, and permissionless DEX. Pinnako operates independently of any centralized authority, enabling seamless access through permissionless smart contracts. By eliminating custodial risks, it minimizes the chances of price manipulation, exploitation, and theft. With Pinnako, your crypto assets are always in your control! Curious about your PLP rewards? As a PLP holder, you're entitled to a share of 50% of our protocol revenues, distributed as stablecoin (USDC). This incrementally enhances the assets within your PLP, thereby boosting its price. Remember, a surge in the PLP price translates into an increase in the value of your PLP assets! For an additional perk, stake your PLPs and reap extra rewards in esPIKO tokens. It's all about growing your assets with us! Have you supplied liquidity to the PIKO/wETH LP and wondering about the rewards? Let me break it down for you. By creating a liquidity pool position on iZiSwap, you are essentially fueling the PIKO/wETH spot market, facilitating token swaps. Each time a user trades between tokens in this pool, a certain fee is levied. You, as a liquidity provider, receive a portion of this fee in proportion to your share of the pool.

But the rewards don't stop there! You can also stake your LP tokens from iZiSwap to garner even more benefits. Stake them at Pinnako to earn esPIKO or at iZiSwap to earn IZI. It's all about maximizing your returns! Looking to set a Stop Loss or Take Profit while leverage trading on Pinnako Exchange? Absolutely! You can define these parameters either through a market order position or a limit order position. Just remember, you'll be able to specify your stop loss or take profit only after your position has been executed. Please keep in mind that it isn't possible to set these parameters prior to the creation of the position, such as during the creation of a limit order. Does Pinnako utilize price oracles? Indeed, we do! We rely on the Pyth Network, which serves as our oracle for asset pricing. This robust system is instrumental in safeguarding against potential price manipulations, thereby ensuring a reliable and secure trading environment. Curious about the fees linked with perpetual trading on Pinnako? Here's the breakdown:

• For each position (both opening and closing), the fee is 0.1% of the position size.

• A flat fee of $5 is applicable in the event of liquidation.

• A dynamic borrowing fee is levied for leveraged/perpetual trading. This fee is charged every hour and is calculated based on the asset utilization rate. The formula for this is as follows: Borrowing Fee (per hour) = (Assets Borrowed)/(Total Assets in Pool) * 0.01%. The maximum borrowing fee is capped at 0.01% per hour, applicable at 100% utilization.

• Lastly, a maintenance margin of 1% is imposed.

These fees enable us to maintain a robust and efficient trading ecosystem for our users. Wondering when liquidation happens on Pinnako Exchange? Liquidation is triggered when the debt associated with an open position (in perpetual trading) hits 99% of the user's collateral. Should liquidation occur, any remaining funds post-liquidation are returned directly to the user's wallet, ensuring no undue losses. Interested in the swap fees on Pinnako Exchange? Our fees are dynamic, ranging from 0% to 0.6%, with a base swap fee of 0.2%.

What makes our system unique is the incentivization for swapping underrepresented assets (based on pool weight). This is done by dynamically reducing the swap fee for these assets, and conversely, increasing the fee for overrepresented assets.

Rest assured, when you're ready to make a swap, the current fee for each asset will be clearly displayed, promoting transparency and informed trading decisions.