EMLite Token
The EMLite token
EMLite is the utility and governance token for the EMLite protocol.
EMLite holders will soon be able to vote on the whitelisting of new borrowers who request to open a EMLite liquidity pool. Voting will be subject to a EMLite reward incentive scheme - more details to come soon.
When EMLite achieves full decentralization, EMLite holders will have full censorship-resistant control of the EMLite protocol. They will be able to propose, vote and implement future changes and upgrades to the protocol.
A pre-staking program will be available after the public sale launch of the EMLite token.
Before the mainnet launch of the EMLite v1.0 protocol, a new long-term staking program will be announced.
EMLite staking will be a required action for borrowers, who must stake an amount of EMLite to access the area of the protocol where they can make a proposal to be whitelisted.
Pool APYs are enhanced with EMLite rewards, making EMLite one of the most attractive venues for DeFi lenders.
Last modified 27d ago
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