Pontoon to use Propel’s DaaS
We are proud to announce Pontoon will be using Propel’s DeFi-as-a-Service.
Pontoon is One-click liquidity mirroring across ETH, BSC, HECO Chain, xDAI, POLYGON, OPTIMISM with incentivized relayer network and liquidity mining for liquidity providers across the chains.
Propel is an all-in-one blockchain infrastructure provider whose offerings include DeFi-as-a-Service, Metaverse-as-a-Service, and Staking-as-a-Service. The solutions offered by Propel can be used to create an entire DeFi ecosystem on multiple blockchains in no time.
The DeFi services offered by Propel include various smart contracts, cross-chain bridges, project, and token dashboards, wallets, NFTs, staking contracts, and more. Using Propel solutions is an easy process; projects can use the modules to manage their token sales with vesting periods and implement various DeFi features in no time.
“We’ve chosen Propel to integrate the DaaS service, which will drive transparency and a massive reduction in development time.” — Venkatesh Karanalu CEO Pontoon Finance
Services provided to Pontoon
Pontoon will be utilizing the DaaS service offered by Propel, namely Vesting Contracts and Investor Dashboard to manage the funds raised in the fundraising drive. Propel Vesting contracts enable users to release tokens distributed as part of the seed, private and public rounds to be unlocked in a phased manner to ensure their efficient utilization. It also prevents token holders from dumping the tokens quickly, thereby preserving the token valuation.
Propel enables users to create custom vesting schedules based on their requirements. These vesting contracts can be tailored for a variety of use cases. The investor Dashboard module helps projects design token sale campaigns and manage tokenomics as per the vesting schedule.
Safety & Security
All smart contracts developed by Propel’s development team undergo rigorous internal testing and are audited by Zokyo, BlockSec, and TechRate. We ensure that any smart contract deployed for a partner project is secure, tested, audited, and scalable.
Propel is a global blockchain infrastructure solution platform that offers end-to-end plug-and-play infrastructure solutions to DeFi, NFT, and Metaverse projects. Propel’s solutions are available for multiple blockchain ecosystems and include multichain capabilities.
Propel holds the distinction of being the only provider offering DaaS, MaaS, and Staking solutions under a single umbrella.
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