How can Elysian Finance help you?
Opening Statement:
The Elysian has announced that it has added a second layer of staking incentives to its existing system of rewards to complement its existing system of rewards. In part, because the second tier is intended to allow the staking community to produce more money, it provides a more diverse range of alternatives. A reward calculator, as well as the opportunity to create a personal account, are all included in the updated system. Professional audits are also accessible through the network, and there is a three-month transition period during which you may get your bearings.
The block bot, which will be implemented as part of the new system, will be made available to the Elysian community as a consequence of this novel approach. As a result of the advent of Elysian Finance, a new layer of staking incentives was introduced into the equation. The lINA incentive has been suspended for a period of one year due to the possibility of a negative impact on the circulating supply. Users may design their own portfolios out of this lUSD and lLiquids by combining them in different ways. These tokens will be staked as soon as they are unlocked and made accessible to the public. In the not-too-distant future, a third-degree of security will be added to the equation.
The platform’s staking program:
It is a compensation scheme for those who invest their money in the LINA coin as part of a risk-reward strategy. The staking incentives are limited to a maximum of 81 percent of the total amount wagered on the game. Twenty-two percent of the total is the limit, which is a new record high in terms of percentage. Its value is locked at a percentage of three hundred and thirty percent of its original value as soon as the LINA award is unlocked once it has been unlocked. The value of an award will be reduced to one-tenth of its original value if a user hits this threshold. By putting their assets into a trust in order to maintain the integrity of the network, users who take part in the staking incentive system can earn more money and improve their financial situation.
As a consequence, the new staking incentives system will benefit both lenders and stakeholders, as it will eliminate both opportunity costs and transaction expenses. It is crucial to note that, in contrast to traditional staking, this approach allows for liquidity mining, which allows users to stake their Polkadot (DOT) tokens in exchange for the native staking reward, rather than the standard staking incentive, rather than the standard staking incentive. DOT tokens can be staked in exchange for native tokens in order to obtain incentives for staking native tokens, which can be exchanged for DOT tokens. Users get access to the network by the staking of their DOT tokens, in exchange for which they obtain native LP in return. This is an innovative method of honoring and celebrating those who have earned the DOT distinction. DOT stands for Department of Transportation. As an extra plus, the staking system provides investors with the ability to reap the benefits of any remaining stake money.
Final Statement:
The Columbus-3 hard fork, which occurred on December 13th, introduced a new feature: the second tier of staking rewards, which was previously unavailable. According to data from the 13th of December, the first tier of incentives has reached a level of 0.8 percent, which is quite close to the maximum of 1 percent. With the inclusion of this feature, it is now possible to receive additional incentives for staking. The cryptocurrency staking sector is estimated to be worth around $16 billion USD in total market capitalization. As a result of this, the staking network will continue to expand. Players who place bets on the game earn these tokens as a reward for their efforts. This network is currently valued at more than $16 billion according to the stock market. The Solana network, which has a block time of 400ms and more than 100 validators, is now the fastest network in the world. There will be twice the amount of advantages.
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More About Us:
WebPage Link: https://elysian.finance/
Github: https://github.com/ElysianFinance
Medium Link: https://medium.com/@elysianfinance
Twitter Link: https://twitter.com/Elysian_Finance
Discord: https://discord.gg/gNFfBfV4he
Telegram Address: https://t.me/elysianfinance
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Creators Details:
Forum User Profile Name: Sionsak
Proof Of Authentication Link: https://bitcointalk.org/index.php?topic=5386857.msg59647479#msg59647479
TeleGram User Profile Name: @TheBitcoinBadger10
Forum User Profile: https://bitcointalk.org/index.php?action=profile;u=2252481;sa=summary
ETH Wallete Address: 0xc1B60b1C7127387f775D94C2D7a733C24Bf39917
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