PunkProtocol presented itself as the "DeFi 401k," a decentralized annuity protocol built on the Ethereum blockchain. Its mission was to create a long-term savings and pension-like product that would generate regular cash flow for its users, shielding them from market volatility. The protocol allowed users to deposit funds in return for a PUNKDAO token, which would then provide them with annuity payments. Despite its initial launch and roadmap, the project appears to have become inactive, with no new developments or community engagement from the official team since approximately July 2022.

Founded in

United States