Introducing Pylon Protocol
Pylon consists of a suite of savings and payments products in DeFi that builds on stable yield-bearing protocols such as Terra’s Anchor Protocol in order to provide services powered by user deposits.
Pylon enables sustainable exchanges between long-term value providers and their consumers through customizable deposit contracts and yield redirection.
Pylon aims to reimagine incentive alignment between payers and payees, consumers and creators, patrons and artists, investors and entrepreneurs, and many more relations. The protocol is maintained by various independent platforms and is governed by holders of Pylon’s native governance token.
🔹Pylon for Payments
Pylon is a convenient principal-protected payments product designed for broad appeal beyond the world of crypto natives.
Making a payment with Pylon, for the user, consists in two simple steps:
- Deposit Terra stablecoins for access to recurring services powered by platforms.
- Withdraw your principal in full, base capital untouched, upon subscription expiry.
For the creator behind the scenes, using Pylon is even simpler:
- Customize your funding options and receive stable, continuous yields generated from user deposits.
🔹Pylon Launchpad
Pylon Gateway, a token launchpad for forthcoming projects on the Terra blockchain, will be Pylon’s first integrated use case and flagship platform.
For investors, Gateway provides an opportunity to make riskless investments while accessing all the upsides of pitching in early. Investors deposit principal-protected Terra stablecoins to a project of their choice in order to earn project tokens and governance rights. Investors may withdraw their full principal after a pledged lockup period to claim corresponding rewards.
For entrepreneurs and project teams, Gateway enables blockchain projects and early-stage ventures to raise capital and scale their ideas upon Pylon’s crowdfunding-via-yield. Project teams can customize funding options and receive consistent yield payouts that will respond to project growth over a sustained period of time.
Pylon’s native governance tokens (yet to be announced) will be one of the first projects to be officially launching on Gateway.
What is Terra?
Terra is a price-stable cryptocurrency that will power the next-generation payment network and grow the real GDP of the blockchain economy.
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