EMLite
Search…
Introduction
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
Copy link