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Author Topic: [ANN][DAO][ERC20] Elysian Finance - Next gen reserve backed token - DeFi 3.0  (Read 96 times)

julerz12

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What is Elysian ?

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We are building a next generation reserve backed token for DeFi 3.0 and the decentralized web.
Our goal is to build a trust-less protocol focused on algorithmic assets emission and advanced
on-chain asset management. Elyian treasury engages in strategies ranging from arbitraging to market making, robo trading and ETFs.
Our smart contracts provide full transparency about how the strategies are performing and how they are composed and operated.
Elysian token (LYS) is backed by a basket of assets in the treasury, which combined with risk free value (RFV) confers intrinsic worth and
ensures 1 LYS minted is always backed by $1. Read the annoucement on our blog.





Overview

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Staking and bonding ensure all players are incentivized
to actively participate in the protocol through
game-theoretic dynamics and compounded returns offer
unbeatable returns over the medium to long-term.
Our contribution includes an upgradeable and modular
smart contract architecture, as well as features such as:

- OTC market for bonds and inverse bonds
- Protocol automation
- On-chain governance and NFT
- Rewards tier on top of a ve(3,3) "vote-escrow" mechanism.

Upgradability on Elysian is designed so that users can
easily access new infrastructure or improvements
governing how the treasury works. Importantly, getting
access to new DeFi integrations does not require an
upgrade by the user.


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The upcoming private round will see the distribution of Pre-Elysian (pLYS), a derivative of LYS with a option inspired behavior.
Holding pLYS gives the right to mint LYS by burning 1 pLYS and depositing $1 worth of a reserve asset for each token minted.
Since pLYS vests based on supply, there are no specific dates at which the circulating supply will be arbitrarily inflated.
Early supporters, advisors and team will be able to cumulatively vest their pLYS when the supply reaches 12%. This means that when the supply
reaches 1m there will be 120k reedemable pLYS, at 10m supply there will be 1.20m pLYS and so on. Join the whitelist to receive a full prospect or send us an email at [email protected] to request for specific information.




Pre-Elysian Distribution


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Total tokens issued (100%)
1,000,000,000


Total tokens for sale (7%)
70,000,000 and 3% supply


Advisors (5%)
50,000,000 and 1% supply


Team and early contributors (33%)
330,000,000 and 8% supply


DAO (55%)
550,000,000 with no cap.







Roadmap


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Q1 2022 Q2 2022 Q3 2022

Community development
Pre-Elysian distribution
Protocol development
Initial audit


Fair launch event
DAO launch
Treasury & liquidity bootstrap
Bonds and inverse bonds
OTC market


On-chain asset management
Algorithmic assets emission
Ve(3,3) mechanism
DeFi integrations


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Q4 2022

Extensive audit
Increase protocol-driven demand
Protocol owned liquidity as a service
Deploy on Arbitrum and Optimistic

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Contact & Social links



Websitehttps://elysian.finance
Email[email protected]



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