ETHNewYork 2022
About
Element is an open source protocol for fixed and variable yields. At its core, the Protocol works by enabling users to split the base asset (ETH, wBTC, USDC, DAI) of yield generating positions, such as a Yearn vault or an ETH2 validator, into two separate, fungible tokens: the Principal Token (PT), and the Yield Token (YT). One token represents the value of the base principal (called the Principal Token), and one token represents the variable interest gained from the yield generating protocol (called the Yield Token).Element is an open source protocol for fixed and variable yields. At its core, the Protocol works by enabling users to split the base asset (ETH, wBTC, USDC, DAI) of yield generating positions, such as a Yearn vault or an ETH2 validator, into two separate, fungible tokens: the Principal Token (PT), and the Yield Token (YT). One token represents the value of the base principal (called the Principal Token), and one token represents the variable interest gained from the yield generating protocol (called the Yield Token).
Prizes
🏆 Element Finance is offering:
🥇 1) Best new yield source - What fixed source would you like to see in Element?
- eg) mStable Save as a source of fixed rates for Element
- Prize $2,500
🔥 2) Best structured product - Use Element as part of a structured product
- eg) a yearn strategy that uses Element as a yield source
- Prize $1,250
🧝♂️ 3) Best Elfiverse derivative - Build on top of our elves
- eg) If you dare, whip up your best potion that mutates your elf
- Prize $1,250
You must explicitly apply for this prize during the submission process to be eligible to win
Getting Started
- Developer Documentation: https://docs.element.fi/
- Element SDK: https://github.com/element-fi/elf-sdk
- Github: https://github.com/element-fi
- Element Developers Discord: https://discord.gg/srgcTGccGe