Polis Protocol: a protocol full of benefits for POLIS token hodlers
With POLIS the hodlers have the power to rule over protocol
POLIS, is the native governance token of the Polis Pay project, based on the Binance Smart Chain (BSC) , which allows its hodlers to be part of the government mechanism of the project.
In this way, users can participate directly in the protocol decision-making process. As well as creating your own proposals for the platform, as part of your governance system.
Tokens can be staked to earn 25% of the maximum supply, until the maximum of 25,000,000 tokens are minted.
POLIS participants also receive a portion of the proceeds from protocol products (index funds and vaults), as well as having the right to participate in the governance of the token itself.
POLIS offers a set of permissionless decentralized financial tools that allow you to get return on your tokenized assets, governed by Polis DAO, a decentralized autonomous organization.
The main products of the token are index funds and vaults.
And the fact is that the first product developed by Polis DAO is a set of groups of indexes weighted by capitalization, designed to replicate the behavior of index funds, which historically have yielded better and more consistent returns than funds actively managed in the stock market.
Index groups simplify asset management in the BSC, in the same way that index funds do for the stock market: creating a single asset that represents the property in a diverse portfolio that tracks the market sector that represents the property. index.
While the Polis Vaults allows you to invest your tokens in performance strategies in an easy , decentralized and non-custodial way.
But what is the Polis Protocol?
The Polis Protocol is a constantly growing collection of services in addition to the BEP20 Polis token.
Polis holders benefit by providing liquidity, farming, vaults, and upcoming services integrated into the Binance Smart Chain.
They can also create, vote and fund proposals through our governance smart contracts to shape the future of the protocol and carry out initiatives that drive the project forward.
Hence, POLIS has been conceived as a cryptocurrency for communities, for the community and for the community. Allowing everyone to vote and propose changes to the network.
Community consensus is at the core of the Polis philosophy. Everyone controls the future of the project.
There are two ways to staking the Polis Protocol:
- Staking LP (40%).
- Polis staking (25%).
In Polis staking, token holders will be able to stake their 100 POLIS coins which will become 100 Drachma.
This action allows you to earn 25% of the total emissions of the cryptocurrency, distributed among the other stakers.
Each Drachma is equal to one vote in the protocol and a Drachma can be turned into a POLIS at any time.
POLIS stakers are the only ones eligible to participate in polis governance.
While, for the staking of liquidity providers (LP), LPs will be able to provide liquidity in different protocols such as Pancakeswap, and they will be able to staking their liquidity within the Polis Protocol to earn up to 40% of the rewards of the issues.
The governance of the platform allows the community to vote to change the distribution of rewards, adding new incentivized pairs, as well as removing them. Similarly, stakers can vote for community proposals to fund projects.
Polis Protocol will soon launch the Finest Index Fund, a decentralized index fund for major Binance Smart Chain assets, built with Polis Vaults.
This will be the first product developed by Polis DAO, a set of capitalization-weighted index groups designed to replicate the performance of index funds, which have historically delivered better and more consistent returns than actively managed funds in the stock market.
Index groups simplify asset management on Binance Chain in the same way that index funds do for the stock market: creating a single asset that represents the property in a diverse portfolio that tracks the market sector that the index represents. .
Each group of indices has a BEP20 index token that anyone can mint by providing the underlying assets in the group , burn to claim the underlying assets, or trade with exchanges to easily manage their exposure to specific markets.
In addition to managing the index pools, the protocol is designed to invest in high-yield farming strategies, which will make it easy for the investor’s portfolio to invest in high-yield farming groups in the Binance Chain DeFi ecosystem.
Polis Vault, or Pols Vaults, are smart contracts that employ a specific set of strategies for easy-yield farming .
These tools make use of automation to continually invest and reinvest deposited funds, helping you achieve high levels of compound interest.
Each vault can refer to a pair of tokens invested in liquidity pools within the Binance Smart Chain ecosystem, or a single token invested in lending platforms. After investing their tokens, the user receives tokens that represent their stake.
Anyone in the Polis Protocol community can work together to develop new strategies and submit them to the governance for a vote.
Simply put, vaults can:
- Use any asset as liquidity.
- Providing one asset as collateral for another.
- Manage collateral at a safe level to mitigate default.
- Putting any asset to work generating a return.
- Reinvest the profits obtained.
Once the earnings are taken into account at the time of withdrawal, the vault will take up to 20% of the earnings and distribute them as follows among the Polis Drachma holders, the strategy builder, the burned coins and the addresses charity and insurance.
For some future vaults, an unsecured version may be offered, increasing the user profit to 85%.
And it is that all the vaults of the Polis Protocol are protected by an insurance fund that comes from a fee of 5% on the profits, which is then used to buy Polis and is sent to a wallet of multiple firms in control of the team, which grows over time as locked value on the platform increases, providing additional security to our users.
Even if the platform is breached or compromised, the funds will be made available to the vault users.
With these insurance protected vaults, investors in the Polis platform are protected by allocating a fraction of the platform’s profits to an insurance fund, which grows over time and could fully cover any type of event in the future, like a hack.
The Polis Pay app
PolisPay is an application that allows you to safely exchange and store cryptocurrencies using a hardware wallet , where you can also buy gift cards and recharge phones, or convert digital currencies into fiat currency using the epay debit card.
The tool is totally secure, since it does not store the keys on its servers, which means that it does not have access to the funds of its users.
This makes PolisPay the only non-custodial wallet with a gift card and debit card option, only for European countries.
Do you want more information? Visit their website.
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO, and should not be attributed to CriptomonedaseICO.
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