PIKE
Pike Token
$0.0₃3929
0.59%
Pike Token
PIKE
$0.0₃3929
0.59%
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Pike Token Information
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About Pike Token
The Pike Token (PIKE) is the governance token of the Pike protocol, a cross-chain liquidity platform. Pike allows users to deposit native assets as collateral on one blockchain and borrow on another without needing to wrap tokens, using a hub-and-spoke architecture. It integrates advanced cross-chain technologies like Wormhole and Circle’s Cross-Chain Transfer Protocol (CCTP) to enable seamless asset transfers and borrowing across networks. The Pike Token empowers the community to participate in decision-making, influencing protocol upgrades and governance decisions.
The Pike Token (PIKE) is the native governance token of the Pike protocol, a cross-chain liquidity market. Pike is designed to allow users to lend and borrow native assets directly on their respective blockchains without the need for wrapping or transferring tokens across chains. This eliminates inefficiencies and provides seamless liquidity management across multiple blockchains. Pike uses a hub-and-spoke architecture to coordinate between different blockchains, enabling users to deposit collateral on one blockchain and borrow on another.
The Pike Token (PIKE) serves multiple purposes within the Pike ecosystem. Primarily, it functions as the governance token, allowing holders to vote on protocol changes and upgrades. This ensures that the community has a say in the direction and functionality of the protocol. Pike also facilitates cross-chain lending and borrowing through partners such as Wormhole and Circle’s Cross-Chain Transfer Protocol (CCTP). With these tools, Pike allows users to borrow and repay loans across different chains without needing to wrap assets, improving capital efficiency across networks.
Although 'P' was the ticker assigned at the deployment of the Pike Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'PIKE' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
