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Poison Protocol is a decentralized multichain synthetic assets (Potions) issuance protocol. It is built on Ethereum, Arbitrum, Binance Smart Chain, and soon more chains. Synthetic Potions (pTokens) are collateralized by stablecoins like BUSD, USDt, USDc, DAI, MIM, tUSD, FRAX, or ibTokens like cDAI, cUSDC, cUSDT, aDAI. These tokens, when locked in the Vault Contract, enable the issuance of Potions. Synthetic Potions mimic the price behavior of real-world assets such as stocks, commodities, and ETFs, providing traders worldwide with open access to price exposure without the ownership or trading of real assets. The minting of Potions is decentralized and handled by users of the protocol. Poison.Finance ensures sufficient collateral within the protocol to cover Potions. The Poison Token (POI$ON) is minted by the protocol and distributed as an award to support conduct that secures the ecosystem. Poison Protocol ensures liquid Potion markets by rewarding POI$ON to users who stake LPs obtained through providing liquidity. Moreover, POI$ON is valuable as it can be staked to receive voting privileges and earn a share of the protocol's Vault withdrawal fees.
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