Why Proteus
Proteus aims to become an automated solution for users, reducing the steps necessary to start earning yield, while looking for the best returns and ensuring the safety for investors.
Vaults in the Terra ecosystem are pools of funds managed according to different protocols (Spectrum, Nexus, Orion, Mirror, Anchor, and others). Proteus will offer multiple DeFi strategies&risk levels that will empower users to invest in the most profitable of these vaults to maximize yield.
Proteus is a one-stop, three-step solution. Users will just need to
- Register in the application
- Buy USDT (most common stable, converted automatically to UST by Proteus) and finally
- Select investment options in the application
Following these three simple steps, the Proteus algorithm will automatically auto-compound, allowing the user to select risk levels and optimize the yields for the user.
Aside from simple onboarding, Proteus offers a variety of features and benefits:
Debit Cards — KYC Approved users can apply to associate a card to their account.
Credit Card on ramp solutions — Users can purchase stablecoins in the app without needing to register on an exchange.
Swap between stablecoins in the app.
Loans — Users will be able to use the Proteus token as collateral.
Investing in stocks — Users will be able to invest in synthetic stocks through the Proteus app.
Learn more about Proteus Finance and their benefits here.
The Proteus Token
Proteus token will be based on the Terra Blockchain and soon after it’s release it will be bridged to Binance Smart Chain, Polygon and Ethereum.
Staking the proteus token in the app will have the following benefits:
• Be eligible for loans, using the Proteus token as collateral
• Participate in Launchpad (for new tokens on the Terra ecosystem)
• Reduce transaction fees if using our tokens
• Be part of a tier system — receiving additional % for staking our toke
- Debit Card
- Exclusive investment strategies
The $PROTEUS IDO
The $PROTEUS IDO will be launching on Thorstarter April 12. Here are the initial details:
– Network: TERRA
– Token: $PROTEUS
– Date: April 12, 2022
– Price: $0.06
– Raise Size: 300k $UST
– Vesting: 10% on TGE, + 1 month cliff, + 6 months linear daily vesting
About Proteus Finance
Proteus Finance provides a software tool that users use to deposit their crypto assets to their wallets and invest in decentralized blockchain protocols based on Terra Ecosystem. Proteus Finance provides its software for use as is without any guarantees of the results and no responsibility for any losses that might incur.
About Thorstarter
Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad meets decentralized investment DAO. TS functions as a decentralized VC firm offering an array of services to partner projects. From investing in promising projects, to helping them market and build community, to performing their token launches in the Thorstarter app, Thorstarter is a premium, full suite incubation and launch solution.
📰 INFO
https://blog.thorstarter.org/ido-announcement-proteus-finance-terra-3d5f045bac60
