Punk Protocol Announces Its Testnet Launching on Kovan Network SAN FRANCISCO, CA / ACCESSWIRE / June 4, 2021 / Punk Protocol, a decentralized annuity protocol, announced its testnet launch on Kovan network on Friday, May 28th. Punk Protocol is the world's first DeFi 401k (a representative pension plan from the United States) with optimal strategies to generate high yield. According to the OECD's report - PENSION MARKETS IN FOCUS 2020, assets in retirement savings plans have exceeded $50 trillion(USD) in 2019. The Total Value Locked in DeFi market reached over $157 billion(USD) in May 2021 (source provided - DefiLlama). With over 4,000 cryptocurrencies ushering in the explosive wave, there was no such product as decentralized pension or annuity until Punk Protocol is introduced.