Phezzan Protocol

Phezzan Protocol is a DEX on Terra for trading perpetual contracts while earning interests. It works in 3 simple steps:

1)You, the future customers of Phezzan, put staked or saving assets like aUST as collateral for perpetual contracts trading;

2)You trade as usual, and when you close your positions, the protocol will return your collateral back;

3)You are earning interest generated by your collateral during the trade.

With the current 19.49% APY interesst rate on Anchor, you can trade and earn interests at the same time. In V2 of Phezzan Protocol, you will be able to put all kinds of assets into Phezzan and Phezzan will earn interest for you. Furthermore, when Prism Protocol launches, Phezzan Protocol can use Prism Protocol to divide aUST into principal and yield token, and only use principal token for collateral, thus the interest will always be earned by you even when your losing position is liquidated.