Introducing DEUS Finance V2 Apollo
This upcoming release sees the launch of DEI, our new cross-chain stablecoin capable of bridging liquidity, yield farms on multiple chains, and more.
DEUS Finance will receive a major upgrade, transforming it into a powerful platform for other professionals to build on. We’ll be making it possible for users, projects, and 3rd parties to create advanced financial instruments — something that is very complex in the traditional financial world and has been equally difficult in blockchain technology.
DEUS is set on the path to becoming akin to the “Amazon Marketplace” for decentralized financial services. It will essentially become a decentralized, derivatives clearinghouse.
The new infrastructure provides the technology to support 3rd-parties in offering synthetic stocks and crypto trading, leverage trading, options and futures trading, as well as prediction markets of any kind. Anything with a price that can be digitally verified by oracles can be included.
Key Features of DEUS Finance Evolution:
- Secure, high-volume, near-instant price-feed oracles
- User-friendly infrastructure
- Access to a cross-chain collateralization system
- Enhanced security
- Plug-and-play modules / ready-made smart-contracts / SDKs
What brokers, banks, and clearinghouses are for traditional finance, DEUS Finance will be for blockchain.
Apollo
Apollo is the V2 release, taking our next step towards the DEUS Finance Evolution. We’ll see the introduction of our new stablecoin called $DEI, zero impermanent-loss stablefarms, as well as a $DEUS/$DEI yield-farming pool to further invest into the DEUS Finance ecosystem. These will be launched on Polygon and Ethereum at the start, with more chains to follow promptly.
DEI — New advanced cross-chain stablecoin
DEI is an important element in the DEUS Finance Evolution ecosystem. It is a cross-chain stablecoin, used as the collateral backing the financial instruments built on DEUS Finance, and presents a simple way for users to move liquidity between blockchains.
DEI is a fractional reserve stablecoin. What sets DEI apart from other stablecoins is that it is fully cross-chain, utilizing one native, unified bridge to all chains. This is made possible by the power of Muon.
Fractional-reserve stablecoins such as DEI allow for a stablecoin without the need for over-collateralization. DEI is considered low-risk because the majority of the collateral (80%, free-flowing) is backed by the underlying stablecoin. DEI is comprised of:
- 20% $DEUS
- 80% trusted stable (depending on the chain)
These figures are only an estimate. The collateral ratio of $DEUS in $DEI is dynamic and is updated every minute.
Aside from DEI having great cross-chain utility, it will also denote all collateral in the DEUS Finance system. 3rd-parties can build financial instruments with DEUS Finance, and every instrument bought and sold will utilize DEI as its collateral.
- Buying $DEI burns $DEUS tokens
- Selling $DEI mints $DEUS tokens
New Yield Farming Pools & Rewards
We will have stablefarms on many chains, capturing liquidity and attracting new users, introducing them to DEUS Finance, as well as the DEUS/DEI pool for users to further invest into the DEUS ecosystem.
At the launch of V2 Apollo, there will be stablefarms on Ethereum and Polygon. More yield farms will be added as the ecosystem expands.
- Farm with 2 stablecoins, DEI / [chain-native stablecoin]
- Zero impermanent loss
- Boosted APY at launch
- Dynamic, innovative TVL-based emission structure
Additionally, there will be a DEUS/DEI pool with a reward multiplier for users looking to invest further into the DEUS Finance ecosystem.
An article will follow explaining exactly what happens with current token holdings, how to swap your tokens for the renamed $DEUS, as well as how to enter the yield farming pools.
Token Update: $DEA will be renamed to $DEUS
$DEUS is the main protocol token and is required for the minting of every $DEI token. $DEUS holders can take part in the DEUS DAO governance and directly benefit from every $DEI token minted to be used as collateral or to enter any of the stablefarms.
All rewards from the stablefarms are paid out in $DEUS tokens. DEUS Finance is a DAO, meaning that $DEUS holders can take part in protocol governance by creating and voting on proposals.
Find us at deus.finance
$DEUS — Invest in the protocol and governance token.
DEUS V2 Apollo is LIVE — NEW stablecoin $DEI, enabling cross-chain liquidity.
Earn $DEUS via our new Yield Farms on Polygon and Ethereum:
Stablefarms — 50% APY | $DEUS/$DEI pools — 100% APY
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