Elysian Finance- Lending Platform On The Blockchain

Zumiizozo
3 min readMay 25, 2022

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Elysian Finance is a blockchain-based, decentralized platform built from the ground up to host a peer-to-peer lending marketplace. Backed by experts in development, quantitative analysis, and risk management, Elysian uses an innovative multi-chain design that separates data into distinct layers.

The project will apply a fresh set of ideas, insights and engineering to develop the technology that can potentially change the future of money, finance and Internet. Although the challenges are tough, Elysian Finance has already seen great progress in the past few months and plans to break ground by Q4 2017.

The Elysian ecosystem will be primarily comprised of four components: the Elysian reserve, the Elysian chain, the Elysian token and the blockchain platform. The Elysian will have its own chain, which will focus on entertainment DApps. Although it’s commonly said that Ethereum is a “world computer,” Ethereum is really just a world computer for financial transactions. That was why Ethereum was able to build world-level projects such as CryptoKitties.

The Elysian token (LYS) is backed by a basket of assets in the treasury, which combined with risk free value (RFV) gives it intrinsic worth and ensures 1 LYS minted is always backed by $1. The token has strong value due to its role within the platform as well as its utility on exchanges to be used with other cryptocurrencies and fiat.

Elysian tokens (LYS) are the lifeblood of the Elysian ecosystem, giving community members the opportunity to share in the success of the platform. LYS is a valuable digital token, backed by a basket of assets in the treasury, which combined with risk free value (RFV) gives it intrinsic worth and ensures 1 LYS minted is always backed by $1

The Elysian token (LYS) is a non-mineable Ethereum ERC20/ERC223 token used on the Elysian platform. Each LYS token is backed by a basket of assets in the treasury, which combined with risk free value (RFV) gives it intrinsic worth and ensures 1 LYS minted is always backed by $1

The Elysian Token (LYS) is backed by a basket of assets in the treasury, which combined with risk-free value (RFV) gives it intrinsic worth and ensures that 1 LYS minted always equals $1.

Elysian token (LYS) is a cryptocurrency issued by the Elysian development team. LYS are backed by a basket of assets in the treasury, which combined with the risk-free value (RFV) gives it intrinsic worth and ensures 1 LYS minted is always backed by $1.

The Elysian token (LYS) is a stable cryptocurrency that tracks the value of the U.S. dollar, backed by a basket of assets in the treasury. By locking up LYS in smart contracts, it is protected from market fluctuations and can also be used for redeeming products on the Elysian platform.

Elysian token or LYS is the utility currency of the decentralized platform Elysian. It is the primary medium between advertisers, token holders, and platform users. Advertisers use LYS to advertise their products and services, while users earn LYS for using their data for advertising purposes.

More Information
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Author
Alsyaad
https://bitcointalk.org/index.php?action=profile;u=3430924

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