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How Lysin Finance Aims to Change DeFi Forever with AI-Driven Stablecoins
The decentralized finance (DeFi) industry has remained within expectations of delivering significant innovations and has stagnated in recent years. However, a promising new project has emerged to challenge the status quo and revolutionize the industry’s future. This project is expected to bring fresh and exciting changes, leading to a better future for DeFi.
Lysin Finance is a groundbreaking DeFi company making strides in developing a fully AI-driven stablecoin. The company’s innovative projects, both algorithmic, include the over-collateralized stablecoin Erinzi (ENZ) and the Lirum reserve coin (LIR).
Their objective is to transform the DeFi industry by harnessing the power of artificial intelligence, and they are well on their way to achieving this goal.
Although still in development, the project is progressing swiftly toward its objectives. One of its major milestones is the upcoming Lirum token pre-sale, set to commence on May 1st and conclude on May 31st. As a vital component of this comprehensive overview of Lysin Finance, we will delve deeper into this significant event.
Lysin Finance – The Future of DeFi?
Lysin Finance is leading the charge in the next major revolution of the financial sector, with a mission to provide safe, affordable, and user-friendly financial solutions to individuals and remote communities who may not have access to traditional banking services. Through their innovative use of AI and decentralized finance, they aim to empower people worldwide and transform how we engage with financial services.
Lysin Finance’s Erinzi (ENZ) and Lirum (LIR) are at the forefront of the company’s efforts to bring greater sustainability and transparency to the DeFi sector. These stablecoins were built on the Ethereum blockchain, the birthplace of many other stable cryptocurrencies. However, what sets ENZ and Lirum apart is their utilization of the Lirum Reserve Ratio, which provides unparalleled stability and asset protection. Furthermore, unlike traditional stablecoins, these innovative solutions benefit from cutting-edge technology, ensuring sustainability and transparency while providing users with a reliable and secure store of value.
The developers at Lysin Finance fully endorse integrating blockchain technology and artificial intelligence as the future of finance. They firmly believe that leveraging these innovations can create a stable and inclusive financial system that benefits people worldwide. By harnessing the power of AI-driven algorithms and decentralized finance, Lysin Finance aims to usher in a new era of financial services that prioritizes accessibility, security, and transparency. With its unwavering commitment to innovation and progress, Lysin Finance is poised to shape the future of finance for the better.
Introducing the Erinzi (ENZ) Stablecoin
Erinzi (ENZ) is an algorithmic, over-collateralized stablecoin pegged to the US Dollar (USD). The most powerful fiat currency in the world guarantees ENZ’s stability and protection from the massive volatility typical of the crypto market. Therefore, ENZ holders can rest assured that their investments are immune to extreme market fluctuations.
The Erinzi protocol uses smart contracts to maintain a healthy reserve ratio between ENZ and LIR automatically. This decentralized approach helps it maintain a stable value. Furthermore, it balances its price without the intervention of a third party, as is the case with currencies controlled by centralized authorities.
Erinzi stands out from the sea of stablecoins currently in the market through its unprecedented transparency, security, and decentralization.
Another aspect that makes Erinzi stand out is its Lirum Reserve Ratio (LIR), an innovative decentralized reserve management platform. The Erinzi protocol can set minimum and maximum thresholds for LIR to maintain the coin’s undisturbed stability.
Users get full control over the reserve pool for the Erinzi stablecoin ($ENZ) by creating Lirum reserve coins ($LIR). Furthermore, the platform rewards them with this power and fee incentives for the ETH they contribute to the pool. This approach encourages greater participation and makes the ENZ platform more approachable and influential for the future of DeFi.
How $ENZ Achieves Stable Collateralization
The Lysin Finance team has designed $ENZ to have several built-in backstops against losing its collateral. For instance, $ENZ needs a collateral ratio between 400% and 800% to keep a balanced collateralization rate. This rate guarantees the stablecoin will always have backing assets even if they have a higher value than $ENZ. Moreover, $LIR is a reserve coin that protects $ENZ from the usual price fluctuations of $ETH.
The $ENZ smart contract maintains a stable amount of $3 to $7 worth of $ETH in the reserve pool to guarantee permanent backup funds for all the $ENZ stablecoins in circulation at a ratio of $1 worth of the backing asset, thereby keeping the original peg.
Lastly, the ENZ platform allows the complete re-purchase of all $ENZ stablecoins without exhausting the reserve pool.
The Lirum Reserve Coin (LIR) Pre-Sale Details
Lirum (LIR) is one of the fundamental mechanisms that help maintain $ENZ stable and sustainable. Lysin Finance has designed it to give more power to the users and thus make a statement about the company’s commitment to financial decentralization.
Users can earn more by contributing to the reserve pool and maintaining ENZ’s peg. It also adds to the platform’s transparency and full decentralization while enabling users to have total control over their assets.
Considering ENZ’s functioning mechanism, holding $LIR gives users considerable power on the platform. Those interested in getting behind this promising project early in its development can join the LIR pre-sale beginning on May 1st. Here are the main details of the event:
- Coin Name – Lirum (LIR)
- 100 million LIR limit
- Exchange: 1 USD = 100 LIR
- The minimum purchase is set at 10 USDT
- Accepted currencies include ETH, BNB, TRX, and USDT
- Pre-sale end date is May 31st, 2023
Take advantage of this chance to be an early investor in the LIR project!
Lysin Finance mentioned that 70% of the total LIR tokens would be allocated to the Reserve Pool. Meanwhile, the remaining 30% will be evenly distributed among business development, marketing, and project development.
The Bottom Line
Lysin Finance is, for now, the new company in DeFi responsible for issuing Erinzi (ENZ) and Lirum reserve coins (LIR). However, in the future, many will regard it as the original innovator behind a new and exciting stage in decentralized finance.
The Lysin Finance team comprises blockchain developers, finance professionals, and AI experts. They have an uncompromising commitment to innovation and the use of technology to improve the lives and financial freedom of people in underserved communities. In addition, the company aims to drive economic growth and revolutionize rapidly growing sectors like the global financial markets.
Lysin Finance should soon make new announcements regarding its recent and upcoming developments. Nevertheless, its growing community of supporters eagerly awaits the $LIR token pre-sale starting on May 1st and the chance to back one of the most promising AI-stablecoin projects.
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