Tuesday, January 25, 2022

Fission Protocol - Stake ELCT Tokens to Earn Rewards

ProtoFi: Cheaper and faster than Uniswap? Discover ProtoFi, the greatest DEX on Fantom network with the best farms in DeFi.

Description: The Fission pool is one of the core innovations of the ProtoFi protocol and the current method used for dividend distribution. It allows investors to deposit ELCT and earn interest in StableCoins, which represent a share in the protocol and entitles its holders to receive dividends. In the near future, it will also enable to actively participate in the protocol’s governance model which aims to be the first to be truly operated by its users.This is not the first time something like Fission has been attempted in the DeFi space, in particular, an infamous BSC dApp comes to mind. It was known as “Moneypot” and, since Uranium has been exploited twice, we have decided to re-implement an improved mechanism in order to guarantee a bullet-proof solution with superior performance. Fission is the core of the protocol’s current iteration. Together with our Quantum Supply, ProtoShield and ChronoLock, Fission in our opinion has the power to transform a standard yield farming fork - that are basically ponzi schemes doomed to die - into something sustainable.

ELECTRON is PROTON’s counterpart and the basis of our unique protocol; it represents a share in ProtoFi enabling its holders to be rewarded with dividends, which are paid out each time the Fission (MoneyPot|s) is active. The token will also serve as ProtoFi’s governance token giving our investors full control over the protocol’s future and its assets. ELECTRON can then be staked in our Fission pool(s) in order to start receiving dividends, or alternatively can be converted into PROTONs and sold using our Swapper function—both accessible from the ProtoFi app’s main menu.


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