Yuan’s 2020
November 5 2020, Yuan’s adventure starts.
2021 on the way
· Essential Elastic Asset Inclusive Project
After the one-week vote, we will open liquidity mining pool for essential assets — BTC and ETH and the following ten community tokens: FC, DF, YFII, CRV, UNI, YFI, AAVE, DODO, LINK, ESD (no risk of impermeant loss).
· Introducing Yuan elastic token ecosystem to more public chains
Yuan has passed Conflux’s ecosystem test and will be deployed on Conflux as the first step of cross-chain try for more potentials.
· Upgrading Yuan’s rebase mechanism
After the upgrade, Yuan will be much easier to integrate with other protocols such as lending and payment which will enable a broader utilization scenario.
About Yuan
Yuan is a 100% community-driven project, with no pre-mine or VC. All governances are fully on-chain.
Yuan is an elastic token tracking the exchange rate of Chinese Yuan against USD to develop or co-develop other protocols (i.e AMM, lending etc), so to inject more demand side variables into the equation. Yuan’s smart contract audit has been audited by leading blockchain security company — PeckShield.
The Yuan experiment is set to achieve the following goals:
- Create the first elastic token tracking Chinese Yuan/USD exchange rate
- Making Yuan/USDx both: a) the Oracle for and b) the most liquid proxy for gaining Chinese Yuan/USD exposure
- Building the rebase Yuan token into the incentive layer of its associated protocols.
Official website: https://1yuan.finance
Twitter: @1YuanFinance
Telegram: https://t.me/YuanFinance
