It provides a way for moving assets from one blockchain to another, for example, Bitcoin on Ethereum, but also many others. This is done via pTokens – 1:1 pegged representations of underlying assets on another blockchain.
Moreover, not only assets can be moved cross-chain, but also NFTs and cross-chain transfers and smart contract interactions.
pNetwork is a progressively decentralized platform and managed via a DAO where users can stake PNT and get proportional voting rights. Those active in the DAO get an opportunity to shape the fate of the project and can also earn up to 42% APY.