Elysian are building a next generation reserve backed token for DeFi 3.0 and the decentralized web.
Introduction to Elysian Finance
As a result of the market growth, the company is pleased to announce their plans to launch additional token sale events later this year. Currently, they are working on upgrading the platform and exploring the possibility of ongoing security testing.
Those who are lucky and enter early have the opportunity to participate in the pre-sale which is a distribution of “pre-Elysian” (pLYS), a call option-type instrument that can be exchanged for Elysian (LYS) by depositing RFV ($1) in the treasury. The upcoming token distribution is different and will see the sale of a fixed amount of Elysian (LYS) at a price multiple of the RFV.
Elysian smart contracts provide full transparency of how strategies are performing and how they are structured and operated.
Elysian has a vision and is taking action to make it happen. Now is your chance to be part of the movement that will shape the future of blockchain technology. The blockchain space is still relatively new and has significant growth potential. This is our chance to build something great together and change the world for the better as a community.
Elysian goal is
Elysian is building a next-generation backup-backed token for DeFi 3.0 and the decentralized web. Elysian goal is to build a non-custodial protocol focused on algorithmic asset emission and advanced on-chain asset management. The Elysian Treasury will be involved in strategies ranging from arbitrage to market building, robo-trading and ETFs. Elysian smart contracts provide full transparency about strategy performance and how strategies are structured and operated.
Fair launch event
If you are a citizen of a country that is not the United States or the United Kingdom, or a sanctioned country that is not the United States or the United Kingdom, and you are whitelisted for the original pre-sale, you are entitled to participate in a fair launch event.
There will be a total of 96,022,1409 units of LYS in circulation at launch, of which 80,000 will be offered for sale and 16,022.1409 will be added as initial liquidity. Avogadro’s constant serves as the inspiration for the initial supply.
The token sale will generate $200,000 if the entire amount of tokens is sold. Of this amount, $80,000 will be deposited into the treasury to support initial supply (RFV), and $120,000 will be used to fund initial liquidity. There will be $120,000 in DAI and 16,022 LYS in the initial LP, with an initial price of $7.48 and initial liquidity of $240,000.
To provide token holders with the highest possible returns, Elysian Finance is the smart treasury management technology that many people have. Some of the most popular and fluid DeFi protocols will be used by Elysian Finance to achieve this goal. The use of Elysian Finance is free of charge.
At fair launch events, the main goal is to ensure that the token (LYS) is in the hands of as many people as possible. In addition, the focus is on building new sources of liquidity on a limited number of AMM exchanges (Uniswap, Sushiswap). We will earn LP tokens when we set up the pool, of course. To determine the RFV value of the LP, the Treasury will use a third of the market value of the tokens that make up the LP to arrive at that figure. To mitigate potential pump-and-dump scenarios, we plan to gradually deposit liquidity into the system. Starting with 10 epochs, 1/100 liquidity will be automatically replenished to the pool for each subsequent epoch. As a result, it should be possible to maintain an acceptable APY and avoid liquidity depletion during the startup phase.
Elysian contribution includes an upgradeable and modular smart contract architecture, as well as features such as:
-OTC market for bonds and inverse bonds
-Automated asset management
-Streamlined governance and NFT
-Rewards tier on top of a ve(3,3) “vote-escrow” mechanism.
In general, blockchain technology is most beneficial when it is being utilized to track an asset that has a real-world economic value. Another example could be a medical research project, or just about any number of things that work to improve the world in a tangible way. Elysian is offering one of the first opportunities for investors and crypto enthusiasts to participate in a project that is not only unique, but also improves everyday life for all of us.
Elysian looks to have a great future, inside and out of the digital market. The best part is they are growing and learning while they do so. Their new project, Elysian Treasury, uses blockchain technology to market tokenized assets — helping build out a larger community of users.
Telegram group: https://t.me/elysianfinance
Bitcointalk Username: Manti Tarak
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3398709
Telegram Username: @mantitarak
Wallet Address: 0xa00Ac64ce301B4E584Fe78B0864EE6575a4b2b68