[ANN][DAO][ERC20] Elysian Finance - Next gen reserve backed token - DeFi 3.0
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 EFTs. 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 is at 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 info@elysian.finance to request 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
| Official website | https://elysian.finance |
| Contact email | info@elysian.finance |
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