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Good morning Lions I hope you're having a wonderful end to the week and keeping safe and well.
Terra block chain continues to further develop and implement new initiatives since its Colombus 5 mainnet upgrade and alot more interested parties are starting to build on Terra Network. You're probably wondering where you can get the jump on emerging tokens.
Pylon Protocol has emerged as a launchpad for Terra projects but it also goes beyond with some pretty cool features and other offerings. But let's first take a look at the Pylon Gateway Launchpad which Pylon states is a loss less investment opportunity. Which, in one regard it kind of is.
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Let's start at the Pylon Gateway which can be found Here. The Pylon Gateway is a unique launchpad in that it utilises pools as long term deposits to generate yields to pay out investors. Unlike traditional Decentralised Finance that experiences significant price fluctuations on Pylon investors must lock up their initial collateral for certain periods ranging from 6months, 12 months and 18 months. Each staking period has a different APY amount with longer term stakes receiving higher APY.
The benefit of Pylon Finance is that it doesn't require you to purchase Mine which is their native token to use as collateral, instead the platform requests UST the stable coin of the Terra Network.
Through utilising the high yields from Anchor protocol on stablecoins Pylon pays out its investments at set periods stipulated on each project. At the end of your deposit term you receive your collateral back in full. This is what Pylon refers to as no loss investment.
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Investors can scroll through current offerings and those on the horizon so you have the added opportunity of remaining upto date on what's coming and not miss out. I believe this is a wonderful added feature as to date it's challenging at the best of times to remain across the many launching products and if like me you miss out on initial investment opportunities this is a great alternative to the current method and also protects your initial capital and removes the ol pump and dump. Although there is no way of knowing the token you're investing in will increase in value but it gives you some safety.
Another really awesome feature that is coming out is the ability for creators to accept payments from Pylon pools and for purchasers to sign upto subscription pylons and have their yields pay for services.
For example, say you have a Netflix account and you're paying monthly or yearly fiat fees. If Netflix decided to sign upto Pylon and establish a Netflix Pylon users could lock in their UST collateral and it would pay their subscription from their yields. The Pylon would have subscription periods and after your period ends you could withdrawl your initial funds or resubmit them to continue your subscription.
Alternatively content creators such as NFT artists could establish a Pylon and be paid through the Pylon yields and deliver specialised content or NFTs to their subscribers.
The utilisation of UST the native stablecoin of Terra means that investors are protected from loss and pump and dumps. But the negative is that there isn't too much value in holding Pylons native currency Mine. Pylon also offers decent ROI for staking Mine and providing liquidity which might be alluring to many investors. As the project is only a few months old it is still relatively undervalues and holding and staking Mine provides the added opportunity of governance rights. Those rights enable stakers to participate in selecting what projects launch and the yield amounts, so still worth holding if you want to have a say.
Pylon also has special launches on offer where some through partnerships are only accessible to Mine stakers. At current those levels are pretty cheap with the lowest amount needed to be staked to be eligible for Valkyrie launch being 1000 Mine. At 22c a pop that's not too unachievable.
Pylon Money I think will be a great project to keep your eyes on and watch over the coming period. Terra is still a relatively young block chain but there are some pretty big features coming and most likely will deliver some significant investment.
You can read more about everything on offer and how the project operates in full on their medium blog Here
image sources provided. This is not financial advice and readers are urged to undertake their own research or seek professional services
