Elysian is gearing up for the fair’s kickoff event, and the time has come to start building the treasury to back the initial supply.
So, what are the prerequisites for entering the DeFi and blockchain economy worlds, respectively? Quite a bit, in fact. Blockchain-based protocols, cryptography and the DeFi space require a lot of education. In order to use smart contracts, you’ll need to know how to get your own cryptocurrency (or carefully select from the ones that are already available), what makes it different from fiat money, and whether or not you’d like to create a decentralized application (dApp). There are countless possibilities! In order to make your life a little easier, I’m here today! This will be accomplished by me in-depthly describing Elysian Finance (LYS).
DeFi has a wide range of innovative applications. Lending, borrowing, trading, investing, earning interest, and managing your wealth are all options available to you. With DeFi, you can hedge your bets against the volatility of the cryptocurrency market while also making money in the process. The DeFi ecosystem is still in its infancy, so there are some risks. The funds are gone forever if a project fails. With no bank or government involved, you have complete control over your money. Furthermore, KYC is not required.
With Decentralized Finance (DeFi), open and uncontrolled alternatives are created using blockchain technology without any centralized control. This has the potential to transform existing centralized systems like global financial institutions, corporations, and even governments. Using DeFi protocols, Elysian Finance seeks to develop the next generation of financial markets and products.
Unlike other DeFi protocols, Elysian runs on the Ethereum blockchain and has an unprecedented functional architecture designed to eliminate the drawbacks of decentralized financial instruments.
Stable assets are managed in a distributed fashion through the Elysian Finance protocol. Permission-less, non-custodial ownership is the only way to describe it. As an algorithmic stable asset, Elysian Finance (LYS) flies freely in the market. An algorithm developed by Elysian adjusts the LYS circulating supply in accordance with changes in the market price of the currency. Elysian goal is to reduce price volatility and keep LYS stable by adjusting the circulating supply.
Many aspects of the protocol will be decided by the Elysian Syndicate DAO, from the activation of features to funding decisions. Participating in governance and holding LYS token will reward token holders with airdrops and stake rewards. When combined with risk-free value (RFV), the Elysian token (LYS) has intrinsic value and is guaranteed to be backed by one dollar at all times.
Bringing a fresh perspective on algorithmic stable assets to the decentralized finance sector is the goal of Elysian Finance’s founders. Long-term, we believe algorithmic stable assets will be best suited to maintaining price and value consistency in a decentralized system.
Elysian Token (LYS) And Pre-Elysian (pLYS) Explain
Elysian to be ran by the community, and are taking every step to engage our audience in the building process. It’s now time to bootstrap the treasury to back the initial supply and Elysian are entering the preparation phase for the fair launch event.
Those who were lucky and got in early had the opportunity to participate in the pre-sale, which saw the distribution of “pre-Elysian” (pLYS), a call option like instrument that can be redeemed for Elysian (LYS) by depositing RFV ($1) in the treasury. The upcoming token distribution is different and will see the sale of a fixed quantity of Elysian (LYS) priced at a multiple of the RFV.
pLYS Token Distribution:
Team: 330m pLYS and 8% supply
Investors: 70m pLYS and 3% supply
Advisors: 50m pLYS and 1% supply
Community: 550m pLYS and no supply cap
An upgradeable and modular architecture for smart contracts, along with other features, are among our contributions
Over-the-counter bond and inverse bond trading
Manage assets in an automated manner
NFT and streamlined government
A ve(3,3) “vote-escrow” mechanism on top of a rewards tier.
Elysian upgradeability was created to make it simple for users to take advantage of new features or improvements to the way the treasury operates. It’s important to note that new DeFi integrations can be accessed without a user upgrade.
Elysian is fully confident that they will receive significant private investment once they enter the presale and crowdsale. Private investors will be able to hold LYS for a long term of 10 years without fear of falling prices, as ownership is partially supported by the success of Elysian.
Elysian is an ambitious project — if successful, it will be the first platform to allow anyone to list their assets on the blockchain in a completely secure way. And as more and more people around the world start trading with cryptocurrencies, it will become an important part of enabling new types of transactions. We’ll have to see how well it performs once it launches, but there’s plenty of reason to think it might fill a needed niche.
#ElysianFinance #DeFi #ETH #Ethereum #LYS #DAO
Forum Username: Lauria Lambolia
Wallet Bsc Address: 0x028fB5774042593daF0A3ce501C2CBc939a4bdC5