Skyrim Finance

Skyrim Finance

SKYRIM
$0.000458568%-5.02

Key Metrics

Price$0.000458568
Real Volume (24H)$2,600.55
Marketcap$9,308.93
Fully Diluted Valuation$271,497
ATH$0.396397
ATH Date9/2/2021, 3:16:34 PM
ATL$0.00211817
ATL Date1/2/2023, 11:59:15 AM
Circulating Supply38M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank4365
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What is Skyrim Finance?

Skyrim Finance (SKYRIM) is an innovative multichain structured finance protocol that operates within the decentralized finance (DeFi) ecosystem. Structured finance is a powerful financial tool primarily utilized by businesses with intricate financing requirements. Within the DeFi market, there are two distinct categories of traders: those focused on fixed-rate investments and those seeking leveraged yields. Skyrim Finance aims to bridge these two markets, providing risk-adjusted returns to users with varying profiles through its range of DeFi products. By leveraging yield farming opportunities and fixed Annual Percentage Yield (APY) vaults, the platform employs multiple strategies to maximize yield for its users.

One of the key features of Skyrim Finance is its utilization of NFT-based interoperability. The protocol utilizes ERC-721 standard NFTs to represent deposits and bonds, enabling seamless asset transfers across different accounts and expanding the functionality of the platform. This NFT-based approach enhances the overall user experience and opens up new possibilities for asset management and trading.

The governance and evolution of Skyrim Finance are driven by its community and token holders. The platform enables token holders to propose and vote on modifications and administrative decisions. Unlike other ecosystems where larger holdings often translate to more voting power, Skyrim Finance adopts a more inclusive and democratic approach. The project does not generate revenue through services or contract engagements, further emphasizing its commitment to community-driven governance.

Moreover, Skyrim Finance is built to be compatible with Ethereum (ETH), Binance Smart Chain (BSC), and Polkadot. The project aims to support multichain interoperability within the DeFi landscape. The Substrate Framework enables the integration of Skyrim Finance V2 onto Polkadot, expanding its reach and potential impact. The protocol operates on a dual token model. The utility token, $SKYRIM, serves as a protocol fee and system incentive, providing users with various benefits and rewards. Additionally, $SKYRIM acts as a funding source for future innovative developments and serves as a solution reward. The governance token of the protocol is $TRANCHE, which empowers token holders to create and vote on proposals through the Quadratic Voting mechanism. The ultimate goal of Skyrim Finance is to transition into a fully community-run project.

Within the structured finance pools, market makers who provide liquidity are rewarded with $SKYRIM tokens, further incentivizing their participation. Genuine users and voters within the ecosystem also receive rewards in the form of $SKYRIM tokens. These tokens play a crucial role in funding the development of new goods and solutions in the future, ensuring the continued growth and innovation of Skyrim Finance.

The official website of Skyrim Finance was launched in 2021, marking the inception of this groundbreaking project. The Skyrim Finance team comprises individuals with deep expertise in cryptography, financial mathematics, and computer science. Drawing from their diverse backgrounds and educational experiences at renowned institutions such as New York University, University of Pennsylvania, Manchester University, and London Business School, the team brings a wealth of knowledge to the field of DeFi. Their foray into the DeFi space represents a strategic move to explore and push the boundaries of structured finance in this new frontier.

In summary, Skyrim Finance (SKYRIM) is a multichain structured finance protocol within the DeFi ecosystem that aims to bridge the gap between fixed-rate and leveraged-yield trading. By offering risk-adjusted returns and employing various yield optimization strategies, Skyrim Finance provides users with a unique and rewarding financial experience. Through its community-driven governance, NFT-based interoperability, and commitment to multichain compatibility, Skyrim Finance is poised to shape the future of structured finance within the DeFi landscape.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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