“Make DeFi accessible for everyone.” — Epsylon Finance’s motto.
In this article, we will introduce what we have been working on for the last weeks. And how it will make your life in DeFi easier.
Epsylon aims to be the only DeFi platform you will ever need to earn money. All-In-One.
A platform where investing is easier and more profitable than ever before. You will be able to yield farm, invest in Index funds, and play the lottery, all from the same place, and with a simple UI.
Not only do we want to disrupt the DeFi space with innovative products but also conventional finance products.
In this article we will talk about:
- Origins of the Project
- Epsylon DeFi Products
- Epsylon Roadmap
Origins of the Project
Epsylon Finance is a Spanish Start-up founded in August 2021 by a group of DeFi enthusiasts. We had the idea in early-2021. When, while yield farming, we discovered that the current platforms had a huge room for improvement.
Problems we saw:
- These platforms are over-complex, locking most of the world outside the ecosystem.
- Platforms expect users to have advanced DeFi and financial knowledge. And to spend hours and hours researching to choose the best strategy.
- Poor User Experience, the investment process is arduous and prone to users mistakes.
- The Paradox of Choice. Too many & too complicated options for users.
- Disconnected from users ( and as we have been learning lots of other people ). We want to invest one coin in a safe but profitable strategy.
- Protocols offer one type of investment. Either yield farming, index funds, or lottery. And as you know, switching between protocols is cumbersome and expensive.
As developers with extensive experience building and growing user-center startups. This shocked us. Watching tutorials and reading docs to use a platform is unheard of these days.
Nowadays, you can order a product online with one click and it will arrive at your doorstep in a matter of days. But to earn money with your crypto, you need to watch 10 videos, read 3 tutorials and click 20 buttons. There is something truly unsettling about that.
After seeing this, we decided to build our own protocol. An all-in-one simple to use but highly profitable platform. Users, for example, will be able to invest in an index fund, use this a collateral for yield farming, and with the benefits of the farm buy lottery tickets. ?
Combining our deep market research and our experience, Epsylon came to life. We promise ourselves, to always go the extra mile and create the ultimate experience. Helping millions of people around the world benefit from the possibilities of DeFi.
Now, it has become our life purpose to make DeFi accessible for everyone.
- We are friends of simplicity. Finances are complex as it is, no need to make them more.
- We want to replace traditional finances for the new and existing generations. Finances should be open, permissionless, and decentralized.
- Our goal is to offer a set of simple innovative products. These products will match users’ risk profiles and maximize their returns.
Epsylon DeFi Products
As mentioned before, Epsylon provides a set of simple curated products that match users’ risk profiles and maximize their returns.
Epsylon Finance’s innovative “one-click investing” makes investing a breeze. This will saves our users time and headaches while making them lots of money. Selecting the most profitable strategy, rebalancing, compounding is all done for you.
According to Einstein, “Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t… pays it.” Epsylon re-invests your rewards on a daily basis for you. This not only saves our users lots of fees and makes them more money but also frees them of the hassle of manually doing it every day.
We will explain in detail how this works under the hood in a later post as it deserves its article.
Epsylon is released in Polygon Testnet (Mumbai) and will launch soon on Polygon Mainnet, Binance Smart chain, Avalanche, and Fantom.
Vaults are capital pools that regularly generate yield based on opportunities present in the market.
Vaults benefit users by socializing gas costs, automating yield generation, and rebalancing processes.
Thoroughly selected ETF, that tracks a basket of cryptocurrencies.
ETF have to benefits:
- Provides users exposure to cryptocurrencies without active investment.
- Reduces the time required to keep up in a fast-moving and volatile environment.
Prizes for the game are generated by the deposited funds and are then distributed as prizes.
Funds are safe in a low-risk strategy.
Users will not lose the deposited funds even if they do not win the lottery. These funds are available to withdraw at any moment.
Leveraged Yield Farming
Lenders can earn high interest on their assets. Although the loans are undercollateralized, this model has proven to be very safe for lenders, because, unlike other lending platforms, in this case, borrowers cannot withdraw the funds from the protocols.
Derivatives Index Funds
ETF Derivatives allow users to use leverage with the Exchanged Traded Funds. Users will also be able to short or use them as collateral for other products like the yield farms as well.
Borrowing & Lending
This product works under the hood and allows us to offer leveraged farms and derivatives for the Index funds.
So in other words, people deposit their ETF cryptos into our Lending Platform and do Yield Farming with the borrowed capital while profiting on the value increase of their coins.
Epsylon will launch in Q4 of 2021 on Fantom.
Epsylon’s journey does not finish when our core products are launched. After we make these products as accessible as they can be, we will go back and simplify these processes even more. And, maybe, even do the same to the other DeFi areas (insurances ?).
As DeFi is still in its infancy, we are also expecting to see many new technologies emerge along the way. Our mission will always be to make the most out of these technologies.
Like every long-term-oriented company, we have a vision and a plan for the future:
Long story short, our plan is:
“Capturing DeFi unaddressed demand in an innovative and user-friendly way.”
Our Objectives (OKRs) are the following:
- Have the most user-friendly and innovative DeFi platform.
- Launch the ETF and Lottery Products.
- Make investing in our products as easy as buying something online.
- Create a Collateralized ETF solution. (Yield Farming with borrowed capital while profiting on prize increase of your cryptos).
If you want to get to know about the upcoming features, our mobile applications, or other ideas, we keep an eye on our Twitter and discord.
What would you like to improve or add? Join our discussion on Reddit/Discord. If you are already excited about the launch, make sure to follow our socials below.
Telegram Community English: https://t.me/joinchat/c5qV2gxA4e1jOTI0
Telegram Community Spanish: https://t.me/joinchat/AvmP0_vf6NMyOTZk