Phiat Protocol Review: What You Need to Verify
Phiat Protocol is listed as a PulseChain lending app, but there is too little detail to assess its terms or safety. Verify the app and its risks before connecting a wallet.
By the SkyBitcoins review team · Updated
At a glance
Phiat Protocol key facts
| Type | PulseChain lending app |
|---|---|
| Chain | PulseChain |
| Token | PHIAT |
| Listed since | 2023-09-30 |
| Value locked | $510K−4.7% 7d |
| Audits | 2 audits listed |
| Updated |
Phiat Protocol FAQs
What is Phiat Protocol?
Phiat Protocol is listed as a lending app on PulseChain and described as an Aave v2 fork. Its homepage title also refers to Pulse and HEX investor allocation tools, so confirm what the live app currently offers before using it.
What is the PHIAT token used for?
The PHIAT token is listed for the project, but its use, staking terms and any governance rights are not explained. Don’t assume holding or staking it gives you a particular benefit without checking the app’s current documentation.
Is Phiat Protocol safe to use?
Phiat Protocol’s fees, collateral rules, liquidation thresholds and security details are not published in the details available about the app. Check the current terms and understand the risks before depositing or borrowing.
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How we checked
Sources
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