```html
Phiat is a fork of the AAVE V2 protocol. Phiat is a decentralized protocol that offers individuals two options: to earn passive income through deposits or to borrow for liquidity via a non-custodial market protocol. The Phiat protocol has deviated from its initial plan, no longer confined to PulseChain alone, but has decided to launch on Ethereum to adopt a multi-chain approach. Participants in the initial $PHIAT phase will receive both $ePHIAT and $PHIAT on the PulseChain mainnet simultaneously.
```
