Elysian Treasury — The Most Innovative Token of DeFi and the Next Generation of Stable
Overview
DeFi 3.0 and distributed ties are both addressed by the author’s creation of an auxiliary server token of the following generation. An act independent of savings, aiming at the algorithmic management of assets as well as expanded chain asset management, is what we must do. For the Elysian Treasury, techniques will include arbitrage as well as shop-making and robotic sales of exchange-traded funds (ETFs). Elysian smart contracts ensure complete transparency in this area, as well as in the way plans work and how they are developed and modified. The Elysian token (LYS) is backed by a diversified portfolio of Treasury securities, and this, along with a risk-free value (RFV), assures that every LYS ever issued is worth exactly one US dollar.
Goal Elysian Finance
The Elysian goal is to build a non-custodial protocol focused on algorithmic asset emission and advanced on-chain asset management. Elysian treasury will engage in strategies ranging from arbitraging to market making, robo trading, and ETFs.
Features provided by Elysian Finance
There are many features in Elysian Finance that are easy and quick to use. For example, Elysian Finance builds smart contracts that can be updated (using the EIP-1822 proxy pattern) and that can be put together in different ways, which will make them more reliable. But besides that, Elysian Finance has a few other things to offer:
Protocol Automation: Users will be able to access smart contracts loaded with an automation protocol, which will automate the entire process and decrease errors.
On-chain governance and non-fungible tokens: users will be able to view a smart contract that supports dependable and secure on-chain governance and non-fungible tokens.
Mechanism of Distribution: The team will attempt to distribute LYS tokens using Pre-Elysian (pLYS) tokens. Later, users will be able to trade this token for $1 worth of LYS tokens by purchasing this token.
Users may access all of this from their various devices thanks to a user-friendly and responsive UI. Elysian Finance developers developed the platform’s interface to look modern in order to make it easier for users to obtain information or buy tokens. So that Elysian Finance can be used by people of all skill levels.
LYS Token
It is Elysian Finance goal to create a Stablecoin-like token that can be used by anyone around the world. In order to keep the value of LYS constant, a smart contract will be used to regulate the currency’s supply and make sure it is always available. PLYS token holders will soon be able to exchange their tokens for LYS ones. Consequently, supply and demand are generated, and the smart contract will manage all of the relevant data. Elysian Finance plans to distribute pLYS tokens through a token sale scheme, making it simple for users to get their hands on the cryptocurrency.
Distribution Mechanism
Furthermore, Pre-Elysian (pLYS) will be awarded to participants in the next round, which is a derivative of LYS with option-inspired behavior. Since the default value of the treasury is $1, there must be $1 in the reserve for every LYS issued. You can exchange one pLYS for one of the reserve assets required to print a LYS if you have sufficient quantities: one pLYS for one dollar of reserve assets. As a result, supply-based pricing is a long-term investment with no predetermined date when the circulating supply will be unilaterally increased. PLYS, which operate in the same way as options, can only be exercised when the stock is trading above its intrinsic value.
Early supporters, advisors, and team members will be able to claim their pLYS once pLYS supply reaches 12 percent. It is estimated that there will be 120k reedemable pLYS available for one meter supply, and 1.20 million pLYS available for one meter supply, and so on.
PLYS distribution details:
team: 330m pLYS and 8% supply
Investors: 70 million pLYS and 3% supply
Suggestion: 50m pLYS and 1% supply
Community: 550m pLYS and no supply limit.
The money from the distribution will be used to figure out how much will be spent on making and selling new products. In the end, the goal of this round is to make it easier to get the long-term funds needed for ongoing projects without using traditional risk management methods. The first step in this process is to get more people to use it and more people who might want to buy it. Go from the beginning to the end of the proposal to make sure you get everything you need.
#ElysianFinance #DeFi #ETH #Ethereum #LYS #DAO
Information Elysian Finance
ELYSIAN WEBSITE | TELEGRAM GROUP| TWITTER | MEDIUM| DISCORD
Writer Information
Username : Alessandro Martinez
Profile Link URL : https://bitcointalk.org/index.php?action=profile;u=3397979
Telegram : @martinezsandron
BSC Wallet :0x48dF0cE08730124089800Dc11628602140918CE3
