Introduction

Elysian treasury will engage 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) gives it intrinsic worth and ensures 1 LYS minted is always backed by $1. Staking and bonding ensure all players are encouraged to actively participate in the protocol through game-theoretic dynamics and compounded returns offer unbeatable returns over the medium to long-term.

We are building a next generation reserve backed token for DeFi 3.0 and the decentralized web. Our goal is to build a non-custodial protocol focused on algorithmic assets emission and advanced on-chain asset management.

Features

Our 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.

Upgradability on Elysian was 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.

Smart contract architecture

We believe success and sustainability depend on a combination of factors such as skills/team motivation and choice of proper technical stack for the project. For this reason, we chose to design our infrastructure around the EIP-1822: Universal Upgradeable Proxy Standard. Users will no longer have to go through painful migrations unless it is absolutely necessary and will be able to benefit from agile development and continuous integration of new features without further actions. Benefits of using this type of infrastructure are:

Modularity: Treasury can access upgrades from new releases, while preserving strategies and assets. No migrations required.
Extensibility: No hard-coded knowledge makes the code more extensible and composable, e.g., it is agnostic to specific price feed implementations, DeFi adapters, fees, DAO policies, etc.
Efficiency: The protocol shares business logic, rather than deploying independent instances of the same code,making it much cheaper and more efficient to use.

Elysian Finance Universal proxy pattern usage (EIP1822)

Automating Asset Management

The financial market is built around a multitude of systems: Forex, leveraged trading, options, bonds, derivatives, etc. These systems involve countless financial intermediaries which, together, play a crucial part in ensuring that investors and fund managers can trust each another. The enforcement of such protocols involves considerable administration costs which impose significant barriers to entry in the industry. Since each intermediary is a potential point of failure, the current asset management industry is also clunky, inefficient and vulnerable to the behavior of bad actors (think Bernie Madoff). Elysian Finance aims to improve the way that current asset management protocols are enforced in the web3 world. Our approach includes coding best industry practices (safe custody, fraud prevention, accurate accounting, fee calculation,transparent and provable fund positions, etc) and removing intermediaries. Such smart-contract powered asset management infrastructure is promising because it drastically speeds up processes, lowers barriers to entry, provides far greater transparency, gives greater control to investors and removes any single point of failure. Most financial protocols are quickly adopting automation and Elysian Finance has the potential to become a leading platform in the DeFi 3.0 era.Most financial protocols are quickly adopting automation and Elysian Finance has the potential to become a leading platform in the DeFi 3.0 era.Most financial protocols are quickly adopting automation and Elysian Finance has the potential to become a leading platform in the DeFi 3.0 era.

TOKEN SALES

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. Details of the distribution will be published in a future article. In order to participate in the private round you will need to be whitelisted first. You can apply for whitelist on our official website.

FOR MORE INFORMATION CONTACT THE FOLLOWING LINKS:

Website : https://elysian.finance/

Twitter : https://twitter.com/Elysian_Finance

Telegram : https://t.me/elysianfinance

Discord : https://discord.gg/qjuqy6X