Centaur
Published in

Centaur

DeFi Yield Opportunity for eGold holders — Centaur Launch Pool!

We’re happy to announce that our partner Elrond Network has committed to supporting our token generation event and product launch by co-hosting the “Centaur Launch Pool, powered by eGold”!

As announced on the 15th of August, Elrond token holders will get the first opportunity to contribute to Centaur pools and earn CNTR tokens.

A limited number of participants will be able to stake 25 eGold and receive 1,500 CNTR tokens after 2 weeks. This approximates to +90% APY or +4% over 14 days.

Partnership overview

Elrond is a technology ecosystem for the new internet. Its smart contracts execution platform is capable of 15,000 TPS, 6s latency and $0.001 tx cost, focused on Fintech, DeFi and IoT.

The Elrond Proof of Stake economic model has a limited supply; its token is named eGold to convey the notion of digital store of value to the next billion users.

Our partnership seeks to connect the Elrond mainnet to the cross-chain component of Centaur, which acts as a settlement layer for DeFi products spanning multiple different chains.

Centaur Launch Pool, powered by eGold

The Centaur Launch Pool is aimed at demonstrating some of the key features that make our DeFi platform protocol agnostic, confidential, and permissionless.

By staking 25 eGold in the Centaur launch pool for 14 days, you will support the successful launch of our product and receive 1,500 CNTR tokens. This approximates to +90% APY or +4% over 14 days.

Timeline:

eGold staking: 01 October 15:00 UTC

CNTR rewards: 14 days after launch pool is filled

Unstake eGold: 14 days after launch pool is filled

Requirements:

  • 25 eGold in your Elrond wallet
  • A valid Ethereum address that you own — no exchanges!
  • Only one contribution per unique Elrond wallet
  • Only one reward per unique Ethereum address

Staking instructions

  • Go to https://wallet.elrond.com
  • Click the Centaur Launch Pool button on the left
  • Follow the on-screen instructions
  • Enter a unique Ethereum address
  • Confirm & send the staking transaction

After 14 days:

  • CNTR tokens will be rewarded & sent to your Ethereum address
  • eGold tokens will be unstaked & sent to your Elrond address

Terms & Conditions

The Centaur Launch Pool button will be activated in the Elrond wallet on Thursday, October 01, at 15:00 UTC. Transactions will be considered on a first-come, first-serve basis. The Launch Pool will close once it is filled.

Transactions will be automatically generated by the web wallet. The transaction sends 25 eGold to the staking address, together with the Ethereum address provided and a unique code in the data field.

Only the first 2,000 valid transactions will be considered. Invalid transactions will be refunded within 24 hours of the end of the event.

Once staked in the Centaur Launch Pool, the eGold is locked for 14 days and can’t be un-staked earlier.

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Centaur Finance

By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. Centaur applies a semi-decentralised approach to constructing solutions, leveraging on the transparency and security of decentralised architectures while providing a fail-safe layer through centralised systems and processes. A decentralized network of oracles deployed across various protocols will power the transmission of information and data between the Centaur Chain and other blockchains, leveraging on our liquidity pool smart contracts as a micro-ledger. With support from our partners, both in the blockchain industry and traditional financial markets, Centaur plans to spearhead the transition to a fully decentralized ecosystem, while keeping solutions realistic and applicable during the process.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Centaur Editor

Centaur Editor

The official editor account for Centaur — The first step towards a fully decentralized financial system.