A Decentralized Capital Markets Ecosystem
Elon Musk Lite is a decentralized capital markets ecosystem where institutions can access uncollateralized liquidity.
On the Elon Musk Lite app, institutional borrowers can make a proposal to be whitelisted by the Elon Musk Lite community - EMLite token holders.
Whitelisted borrowers can create and launch individual liquidity pools - smart contracts running on the BEP-20 blockchain.
Whitelisting is achieved through a governance voting process, whereby EMLite token holders assess the strength of a borrowers proposal, and reach a consensus decision.
LPs earn attractive rates of interest on Elon Musk Lite for supplying liquidity to a borrower pool, and can manage counterparty risks effectively through the issuance of EMLTokens - Elon Musk Lite LP tokens.
Pool APYs are enhanced with additional EMLite rewards, making Elon Musk Lite one of the most attractive venues for DeFi lenders.
Last modified 29d ago
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