Elysian Finance's New Upgradeable Smart Contract Architecture

Elysian Finance aims to bring fresh air to the current status quo with an original project, deeply inspired by OHM but with a unique approach to system design. Our contribution brings upgradeability (EIP-1822 proxy pattern) and modularity to the smart contract architecture, as well as additional features such as.

Elysian Finance (LYS) is a protocol-level upgrade to Ethereum (ETH) and carries with it the vision of bringing fresh air to the current status-quo. Our contribution brings upgradeability and modularity to the smart contract architecture, as well as additional features such as:

OTC market for bonds and inverse bonds

Protocol automation

On-chain governance and NFTs.

We maintain the most important characteristics, such as as risk-free-value (RFV), protocol owned liquidity (POL) and compounded returns and we introduce a second tier of staking rewards, on top of a ve(3,3) “vote-escrow” mechanism. The project is in active development and we are heading to launch in early Q2 2022.

Elysian (LYS) aims to bring fresh air to the current status-quo with an original project, deeply inspired by OHM but with a unique approach to system design. Our contribution brings upgradeability (EIP-1822 proxy pattern) and modularity to the smart contract architecture, as well as additional features such as:

As of early Q2 2022, we will be launching a working protocol on our testnet with an initial set of modules, including:

• A decentralized OTC market for bonds and inverse bonds

• Protocol automation

• On-chain governance and non-fungible tokens (NFTs)

The project is in active development and we are heading to launch in early Q2 2022.

Elysian Finance (LYS) is an EIP-1822 proxy pattern based smart contract platform that provides an on-chain infrastructure and protocol for decentralized applications (dApps). Through upgrading the current smart contract state machine to a more robust and flexible architecture, LYS offers an upgradeable smart contract framework and a modular approach to system design. This unique design allows dApps built on top of LYS to have a wide range of options in terms of their own state machine designs as well as their own governance models.

Elysian Finance (LYS) is also the first platform to utilize the Proxy Pattern, which is based off of the EIP-1822 proposal. The Proxy Pattern is designed to allow you to work with a third party or middleman who acts as your agent in order to facilitate trades; this concept will be implemented in two different ways: OTC Market for Bonds & Inverse Bonds and Protocol Automation.

The OTC Market for Bonds & Inverse Bonds works much like a decentralized exchange (DEX), allowing users to trade bonds and inverse bonds with one another, but it also allows users access to the liquidity pool without having to hold any tokens themselves. With the OTC Market, users can get liquidity orders from the

Elysian Finance (LYS) has designed a platform to build a decentralized financial system, inspired by Ethereum but with its own set of unique tools that promote a flexible and scalable ecosystem. LYS is the first blockchain project to implement an upgradeable smart contract architecture, allowing the implementation of new protocols without hard forks. The team has created a bond market to incentivize stablecoins, as well as optimized liquidity for the protocol through an on-chain governance model and off-chain trustless swaps.

For More Information :
Medium : https://medium.com/@elysianfinance
GitHub : https://github.com/ElysianFinance
Twitter : https://twitter.com/Elysian_Finance
Discord : https://discord.gg/gNFfBfV4he
Telegram : https://t.me/elysianfinance
Author
Bitcointalk username: adoe
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1405621
ETH Wallet Address: 0xd98AE90926E9e8fCCf32004950A02C2D341E61A7