Introduction

Introduction to PINGPONG DePINFi Money Market

We built the PINGPONG DePINFi Money Market. It enables users to make the most out of aggregated DePIN mining yields and trade various DePIN derivatives.

The DePINFi Money Market offers a variety of compute-resource-based, yield-bearing derivatives:

• Multi-Mining Yields: is a type of “forward contract” that entitles the owner to receive multi-mining yields at a target date. Multi-Mining Yields v1 has a 30-day settlement period, meaning that the owner of each Multi-Mining Yields is entitled to receive 30-day worth of multi-mining rewards/yields.

• DePIN Aggregated Mining Yield Futures: These are contracts where users can agree to buy or sell future DePIN mining yields at a predetermined price, to be delivered at a specified future date. Buyers can lock in a fixed return on future yields, protecting themselves from price fluctuations. Sellers, usually the owners of compute resources, can secure a guaranteed price for their future output, ensuring predictable income.

• Aggregated DePIN Mining Yield Tokens: Leveraging the volatility of DePIN mining yields, the aggregated DePIN mining yield tokens provide miners with a range of yield management options and generate tradable DePINFi derivatives with different levels of volatility. It allows miners to convert mining profits into instant liquidity, while also allowing yield token buyers to access fluctuating interest rates in a more capital-efficient manner, as they do not need to pay for the underlying compute resources.

• Points Trading: Points mined from DePIN projects represent mining contributions and can be traded on the DePINFi Money Market. By selling their points, miners can monetize their mining efforts before the official tokens are released, providing immediate value and liquidity. Point buyers benefit by acquiring these points early, potentially at a lower cost, and positioning themselves advantageously for when the projects issue tokens.

• Aggregated Staking: Users can stake their DePIN tokens into aggregated staking pools and earn aggregated staking yields. Staked tokens are represented by liquid staking tokens (LSTs) that users can trade or use within the DePINFi ecosystem. The value of LSTs increases over time as staking yields accumulate.