Why Pure.cash?

In decentralized finance (DeFi), two major challenges persist affecting the most prominent products: stablecoins and perpetual futures.

• Decentralized stablecoins suffer from low capital efficiency and limited supply scale.

• Longing through perpetual futures or leveraging via lending incurs high interest costs.

Pure.cash innovatively addresses these challenges by combining stablecoins and perpetual futures, thus becoming a convergence point that effectively meets both needs. This integration has led to two revolutionary DeFi products built on Ethereum:

• Pure USD (PUSD): a scalable, fully decentralized stablecoin.

• LongOnly: an inverse perpetual contract product with zero funding fees.

Pure.cash leverages the market demand for decentralized stablecoins to reduce the cost of holding long positions to zero and increase the open interest. Simultaneously, Pure.cash utilizes the demand for long positions to maximize the capital efficiency of synthetic decentralized stablecoins and drive their supply.

Additionally, for stablecoins, the maximum capital efficiency inherently promotes their supply. For long positions, having zero holding costs encourages bullish users and enhances the potential for open interest.